Question 7 XYZ incurred accrued rent expense. With respect to this event, indicate whether the following statement is true or false. (37. Cash flow from operating activities would show a cash outflow O True fase Question 8 2.5pts On January 1, 2012, East Company lad assets of $600, liabilities of $300, and common stock of $150. During 2012 the company experienced the following events. Earned cash revenule of $600. Incurred cash expenses of 5250. Paid cash dividends of $100. The amount of net cash flow from operating activities reported on East Company's December 31, 2012 statement of cash flows would be

XYZ incurred accrued rent expense. With respect to this event, indicate whether the following statement is true or false. Cash flow from operating activities would show a cash outflow True False Question 8 2.5pts On January 1, 2012, East Company had assets of $600, liabilities of $300, and common stock of $150. During 2012 the company experienced the following events. - Earned cash revenule of $600. - Incurred cash expenses of $250. - Paid cash dividends of $100. The amount of net cash flow from operating activities reported on East Company's December 31, 2012 statement of cash flows would be