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Question 46 Which of the following sections from the statement of cash flows includes borrowing money and paying off loans? A The operating section B.

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Question 46 Which of the following sections from the statement of cash flows includes borrowing money and paying off loans? A The operating section B. The investing section c. The financing section D. The non-cash investing and financing section Question 47 Which of the following is true about treasury stock? O A Treasury stock is recorded at market value. OB. Treasury stock always has a debit balance. oc. Treasury stock always has a credit balance. OD. Treasury stock is when one stock splits into two. Question 48 Which of the following statements is incorrect? A Revenue, Capital Stock and Accrued Expenses normally have credit balances B. Prepaid Expenses, Rent Expense and Interest Expense normally have debit balances c. Interest Expense, Accumulated Depreciation and Land normally have debit balances op. Cash, Land and Prepaid Expenses normally have debit balances

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