Given below is a list of events: 1. payment of employee wages
2) cash collections from customers
3) sale of capital stock
4) sale of land, at cost
5) payment of a cash dividend
6) borrow cash from creditors
7) purchase of equipment
8) cash sale of inventory
9) purchase inventory on account
Which of the above events are outflows in the investing section of the statement of cash flows?
A) only 4
B) 4, 7, and 9
C) 4 and 9
D) only 7
Correct Answer:
Verified
Q33: With respect to the relationship between depreciation
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Q36: Listed below are increases (decreases) in
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Q39: Depreciation is used to:
A) accumulate funds to
Q40: Referring to Tables 16- 1 and 16-
Q41: is the major operating activity that increases
Q42: All of the following are charges against
Q43: is not a current asset.
A) Accounts Receivable
B)
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