The financial statements for Warren Company show the following: Cost of goods sold $745,000 Based on this information, cash paid for merchandise was: a. $771,000 b. $721,000 c. $711,000 d. $761,000 Which of the following statements is true? a. Purchase of short-term investments is an investing cash outflow. b. Cash paid to acquire stock in another company is a financing outflow. c. A cash dividend is an operating cash outflow. d. Sale of equipment creates investing cash outflow equal to its selling price