Question 6 1 pts An asset with a book value of $5,000 is sold for $7,000 cash. How will this impact the statement of cash flows? Investing section would increase by $7,000 Operating section would increase by $7,000 Operating section would increase by $2,000 Investing section would increase by $2,000 Investing section would decrease by $7,000 Operating section would decrease by $7,000 Question 7 1 pts If accounts receivable increases, the increase is section of the statement of cash flows. in the subtracted; operating subtracted; investing added; financing subtracted; financing added; operating added; investing Question 10 1 pts Which of the following are recorded in the Investing section of the statement of cash flows? Current Liabilities Long-Term Assets Current Assets Long-Term Liabilities Question 11 0.5 pts Cash transactions dealing with equities are part of the investing section of the statement of cash flows. True False