Early in Year 1, Larsen Corporation purchased marketable securities at a cost of $83,000. In September, dividends of $5,900 were received; Larsen sold the securities in December at a gain of $4,900. How would these transactions be reported on Larsen's statement of cash flows for Year 1? Group of answer choices $78,100 net cash used in investing activities; $87,900 cash provided by investing activities. $87,900 cash provided by investing activities; $83,000 cash used in financing activities. $4,900 net cash provided by investing activities; $5,900 included in cash provided by operating activities.

E9.7(a,b2)

Question 3: When is an employer NOT required to file a quarterly Form 941? Answer: А. O When annual tax liability for federal income, Social Security, and Medicare tax is less than $1,000 В. O When annual tax liability for federal income, Social Security, and Medicare tax is less than $1,500 С. O When annual tax liability for federal income, Social Security, and Medicare tax is less than $2,500 D. When annual tax liability for federal income, Social Security, and Medicare tax is less than $100,000

Prior (Past) service cost is expensed immediately using a. U.S. GAAP. b. IFRS. c. Both U.S. GAAP and IFRS. d. Neither U.S. GAAP nor IFRS.