12. All of the following are financing cash flows EXCEPT A.    sale of stock. B.    payment of stock dividends. C.    increasing debt. D.    repurchasing stock. 13. All of the following are operating cash flows EXCEPT A.    net profit/earnings after tax. B.    increase or decrease in current liabilities. C.    increase or decrease in fixed assets. D.    depreciation expense.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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12. All of the following are financing cash flows EXCEPT
A.    sale of stock.
B.    payment of stock dividends.
C.    increasing debt.
D.    repurchasing stock.

13. All of the following are operating cash flows EXCEPT
A.    net profit/earnings after tax.
B.    increase or decrease in current liabilities.
C.    increase or decrease in fixed assets.
D.    depreciation expense.

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