QUESTION 7 Which of the following financial statements does not provide information about a company over a period of time but rather as of a specific point in time? a. Statement of cash flows b. Balance sheet c. Income statement d. Statement of changes in equity QUESTION 8 In which section of a statement of cash flows would the purchase of land for cash be reported? a. Financing activities. b. Operating activities. c. Purchasing activities. d. Investing activities. QUESTION 9 Retained Earnings at the beginning and ending of the accounting period were $400 and $700, respectively. If revenues were $1,100 and dividends paid to stockholders were $200, expenses for the period must have been a. $800. b. $600. OC. $700. d. $500