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question 8 (5 Marks) Answer the following multiple choice questions with the most correct answer Muzeen Ltd. had the following activity during 2020: Preceeds from
question 8 (5 Marks) Answer the following multiple choice questions with the most correct answer
Muzeen Ltd. had the following activity during 2020: Preceeds from the issuance of bonds payable $200,000 Loss of disposal of equipment ($0 proceeds from disposal) 18.000 Repayment of long-term debt 25,000 Issuance of shares 125.000 Gain on the sale of short-term investments 75,000 What was the cash flow from financing activities? O $300,000 O $292,000 O $325,000 O $275,000 How should a gain on the sale of equipment be reflected in the operating section of the Statement of Cash Flows when using the indirect method? as a deduction from net income O as a cash inflow O as an addition to net income O it is not reflected in the operating section The following items are reported on a company's Statement of Income. Which of them is most likely equal to its cash flow impact? O Depreciation expense Gain on sale of capital assets O Loss on sale of investment O Interest expense Which of the following would cause an outflow of cash? sale of inventory for cash O the sale of an investment for a loss O issuing common shares to acquire capital assets O purchase of a temporary investment AFM Co. had the following activity during 2020: Proceeds from sale of equipment $193,000 Dividends paid on common shares 7,000 Purchase of long-term investments 29.000 Repurchase of shares issued 17.000 What was the cash flow from investing activities? O $157,000 $140,000 O $164,000 0 $147,000
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