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question 7 (5 Marks) answer the following multiple choice questions with the most correct answer Which of the following would be an example of an
question 7 (5 Marks) answer the following multiple choice questions with the most correct answer
Which of the following would be an example of an investing activity on the Statement of Cash Flows? O purchase of capital assets O issuance of preferred shares O repurchase of shares issued O dividends paid to shareholders QUE Ltd had the following activity during 2020: Proceeds from sale of long-term $156,000 investments 16,000 Gain on the sale of long-term investments Loss on the disposal of equipment ($0 proceeds from disposal) 17,000 Proceeds from the issuance of preferred shares 182,000 Repayment of long-term debt 30,000 What was the cash flow from investing activities? 0 $16.000 O $156,000 O $173.000 O $189,000 A company has surplus cash available and decides to purchase a 120- day treasury bill. The correct classification of the purchase on the Statement of Cash Flows would be as an net change in cash equivalents. O as a cash outflow in operating activities. O as a cash outflow in investing activities. O as a cash outflow in financing activities. The activities of a corporation that are directed to investing resources of the corporation over extended periods of time in long- term assets is considered part of which of these activities on the Statement of Cash Flows? o Operating activities O Financing activities O Investing activities O none of these Given the following activities: Purchase of machinery $175.000 Repayment of bank loans 75,000 60.000 Sale to customer or account Payment on mortgage payable 200.000 Payment to suppliers 65.000 Purchase of 30 day treasury bill 15,000 The cash outflows for investing and financing activities were O investing $175,000; financing $310,000. O investing $190,000; financing $275,000. O investing $190,000; financing $310,000. O investing $175,000; financing $275,000
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