Which of the following is a noncash investing and financing activity? (Points : 2) payment of a cash dividend payment of a six-month note payable purchase of merchandise inventory on account issuance of common stock to acquire land 2. The statement of cash flows may be used by management to (Points : 2) assess the liquidity of the business assess the major policy decisions involving investments and financing determine dividend policy do all of the above 3. Cash paid to purchase long-term investments would be reported in the statement of cash flows in (Points : 2) the cash flows from operating activities section the cash flows from financing activities section the cash flows from investing activities section a separate schedule 4. Cash receipts received from the issuance of a mortgage notes payable would be classified as (Points : 2) investing activities. operating activities. either financing or investing activities. financing activities. 5. Cash paid for preferred stock dividends should be shown on the statement of cash flows under (Points : 2) investing activities financing activities noncash investing and financing activities operating activities 6. Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash? (Points : 2) purchase of noncurrent assets purchase of treasury stock discarding an asset that had been fully depreciated payment of cash dividends 7. Preferred stock issued in exchange for land would be reported in the statement of cash flows in (Points : 2) the cash flows from financing activities section the cash flows from investing activities section a separate schedule the cash flows from operating activities section 8. A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under (Points : 2) investing activities financing activities noncash investing and financing activities operating activities 9. Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows? (Points : 2) appropriation of retained earnings acquisition of treasury stock declaration of stock dividends issuance of long-term debt 10. If a gain of $9,000 is incurred in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is (Points : 2) $46,000 $9,000 $55,000 $64,000