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The cash flow statement tracks sources and uses of cash. The balance sheet indicates the amount of cash that the company has at a point

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The cash flow statement tracks sources and uses of cash. The balance sheet indicates the amount of cash that the company has at a point of time. Which of the following actions is a source of cash? More than one answer is correct - select all that apply. a) The company received a loan it could use to purchase machinery. b) The company filed for trademark protection on its new logo. c) The company paid taxes. d) The company was granted a patent for a new process it developed. e) The company paid off a bank loan. d) The company was granted a patent for a new process it developed. e) The company paid off a bank loan. f) The company made a profit for the year. g) The company sold some of its inventory. h) The company received additional equity from a new investor. Assume that a company's balance sheet contains only the following items: cash $5,000; equipment $25,000; inventory $17,000; loan due to bank $15,000; accounts payable to suppliers $8,000; owner's equity $24,000. Which of the following statements are true? Multiple correct answers are possible - select all that apply a) The Total Assets amount equals $62,000 consisting of cash ($5,000), equipment ($25,000), accounts payable to suppliers ($8,000), and owner's equity ($24,000). b) The Total Assets amount equals $47,000 consisting of cash ($5,000), equipment ($25,000), and inventory ($17,000). c) The Total Liabilities amount equals $33,000 consisting of equipment ($25,000) and accounts payable to suppliers ($8,000). d) The balance sheet is in balance because the total assets amount is equal to the total liabilities and equity. e) The balance sheet is not balanced because the total assets amount is not equal to the total liabilities and equity. f) The Total Assets amount equals $22,000 consisting of cash ($5,000) and inventory ($17,000)

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