QUESTION 7 The appropriate section in the statement of cash flows for reporting the net income is: o Operating activities, O Financing activities. O Investing activities. O Schedule of noncash investing or financing activity O This is not reported on the statement of cash flows. QUESTION 8 The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is Operating activities. O Financing activities. O Investing activities. Schedule of noncash investing or financing activity. O This is not reported on the statement of cash flows. QUESTION 9 An increase in the accounts receivable account during the year should be reported on the statement of cash flows as O An increase in cash flows from operating activities O An increase in cash flows from investing activities O A decrease in cash flows from operating activities O A decrease in cash flows from investing activities O An increase in cash flows from financing activities QUESTION 10 The appropriate section in the statement of cash flows for reporting the cash payment of wages is: Operating activities. O Financing activities. Investing activities. O Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows