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QUESTION 1 Which of the following should be shown on a statement of cash flows under the financing activities section? O a. the issuance of a long-term note to acquire land b. the proceeds from the sale of a building O c. the purchase of a long-term investment in the common stock of another company O d. the payment of cash to retire a long-term note

QUESTION 1 Which of the following should be shown on a statement of cash flows under the financing activities section? O a. the issuance of a long-term note to acquire land b. the proceeds from the sale of a building O c. the purchase of a long-term investment in the common stock of another company O d. the payment of cash to retire a long-term note

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Your answers are saved automatically. NNg 1 hour, 07 minutes, 06 seconds. v Question Completion Status: QUESTION 1 Which of the following should be shown on a statement of cash flows under the financing activities section? O a. the issuance of a long-term note to acquire land O b. the proceeds from the sale of a building O c. the purchase of a long-term investment in the common stock of another company Od. the payment of cash to retire a long-term note QUESTION 2 If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amot O a. $55,000 O b. $66,000 Oc. $44,000 O d. $11,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Transcribed Image Text:Your answers are saved automatically. NNg 1 hour, 07 minutes, 06 seconds. v Question Completion Status: QUESTION 1 Which of the following should be shown on a statement of cash flows under the financing activities section? O a. the issuance of a long-term note to acquire land O b. the proceeds from the sale of a building O c. the purchase of a long-term investment in the common stock of another company Od. the payment of cash to retire a long-term note QUESTION 2 If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amot O a. $55,000 O b. $66,000 Oc. $44,000 O d. $11,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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