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The Cash Flow Statement explains the changes in the Balance Sheet accounts. Each account on the Balance sheet is presented in one of the sections
The Cash Flow Statement explains the changes in the Balance Sheet accounts. Each account on the Balance sheet is presented in one of the sections of the Cash Flow Statement. Which of the following relationships are correct.? Classification on the Balance Section on Statement of Bonds Payable Financing Equipment Operating Common Stock Financing Accounts Payable Operating TV Accounts Receivable Operating WIE Multiple Choice o Ivv. bo o o 0 11,1 I, II, III. OMV I, III, IV, V. Beatles Enterprises is in the process of preparing a Cash Slow Statement. Beatles analyzed the financial statements and additional information. Based on the statements and the additional information which transaction below would notcreate a cash flow? Multiple Choice Beatles purchased some of its own stock from a stockholder. Beatles purchased a building by issuing a long-term note. Beatles paid a cash dividend o oo Beatles purchased equipment for cash. Melcher Arts, which owns an art gallery, reported net income of $380,000. In addition, the following information was taken from its general ledger: beginning balances in Accounts Receivable and Accounts Payable were $58,000 and $52,000, respectively; ending balances in these accounts were $52,000 and$48,000, respectively. Dresser's net cash flows from operating activities would be: Multiple Choice $370,000 O $382,000. O $390,000. O $396,000. O
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