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Question 70

Multiple Choice

\quad \quad \quad \quad \quad \quad GIL'S FISHING EQUIPMENT, INC.
\quad \quad \quad \quad \quad \quad \quad Statement of Cash Flows
\quad \quad \quad \quad \quad \quad \quad For the Year Ended December 31, 2008
 Cash flows from operating activities  Cash collected from customers  A  Cash paid to suppliers and employees  B  Cash paid for other operating activities  C  Net cash flow from operating activities  Cash flows from investing activities  Cash paid to purchase equipment and other assets  D  Cash received from selling equipment and other  assets E Net cash flow from investing activities  Cash flows from financing activities  Cash paid on notes payable  F  Cash paid for dividends G Net cash flow from financing activities  Net change in cash duringthe year  Cash at beginning of year  Cash at end of year \begin{array}{l}\begin{array}{|c|c|}\hline\text { Cash flows from operating activities }\\\hline \text { Cash collected from customers } & \text { A } \\\hline \text { Cash paid to suppliers and employees } & \text { B } \\\hline \text { Cash paid for other operating activities } & \text { C } \\\hline \text { Net cash flow from operating activities } & \\\hline \text { Cash flows from investing activities } & \\\hline \text { Cash paid to purchase equipment and other assets } & \text { D } \\\hline \begin{array}{c}\text { Cash received from selling equipment and other } \\\text { assets }\end{array} & \underline{E} \\\hline \text { Net cash flow from investing activities } & \\\hline \text { Cash flows from financing activities } & \\\hline \text { Cash paid on notes payable } & \text { F } \\\hline \text { Cash paid for dividends } & \underline{G} \\\hline \text { Net cash flow from financing activities } & \\\hline \text { Net change in cash duringthe year } & \\\hline \text { Cash at beginning of year } & \\\hline \text { Cash at end of year } &\\\hline\end{array}\end{array}
-Refer to the above table.In the statement of cash flows which letters represent cash outflows?


A) B,C,D,F and G.
B) A,E and G.
C) B,C,E and F.
D) A,E,F and G.

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