QUESTIONS:

ABC Corporation Comparative Balance Sheets at December 31 (in millions) ABC Corporation Statement of Income and Retained Earnings Year ended December 31, 20X2 (in millions) Net sales $65 Expenses In the statement of cash flows, which one of the following is NOT a financing activity? Notes payable LT Debt Common Stock None of them Dividends Interest paid In the sources and uses of funds statement, which one of the following is NOT a use of fund? AP None of them Cash Inventories AR Accrued wages Common Stock LT debt Other assets