QUESTION 5

1. The payment of dividends is classified in the statement of cash flows as a(n):

   		Operating activity
   		Investing activity
   		Financing activity
   		Noncash activity

1 points

QUESTION 6

1. Power Equipment incurred a material loss due to business restructuring. This loss should be reported as:

   		Selling expenses
   		A discontinued operation
   		Other revenues and expenses
   		A separate line item in retained earnings

1 points

QUESTION 7

1. When using vertical analysis, we express balance sheet accounts as a percentage of:

   		Total assets
   		Total liabilities
   		Total stockholders equity
   		Sales

1 points

QUESTION 8

1. Which of the following is an example of horizontal analysis?

   		Comparing a balance sheet account over time
   		Comparing a balance sheet account with an income statement account
   		Comparing a balance sheet account with another balance sheet account at the same point in time
   		Comparing an income statement account with another income statement account at the same point in time