Which of the following transactions would not create a cash flow?  Group of answer choices A)Sale of equipment at book value (i.e. no gain or loss). B)Declaration of a cash dividend. C)Purchase of a patent. D)The company purchased some of its own stock from a stockholder. E)All of the above create cash flows.

Which of the following shows how paying cash to purchase supplies will affect a company's financial statements? Multiple Choice Assets = Liabilities + Assets Assets +/- Balance Sheet Assets +/- ΝΑ Balance Sheet = Liabilities + ΝΑ Balance Sheet = Liabilities + ΝΑ Balance Sheet = Liabilities + ΝΑ Stockholders' Equity Stockholders' Equity Stockholders' Equity ΝΑ Stockholders' Equity ΝΑ Revenue ΝΑ Revenue ΝΑ Revenue ΝΑ Revenue ΝΑ Income Statement Expense = Net Income ΝΑ Income Statement Expense = Net Income + Income Statement ΝΑ Expense = Net Income ΝΑ Income Statement ΝΑ Expense = Net Income ΝΑ ΝΑ Statement of Cash Flows -Operating Activity Statement of Cash Flows ΝΑ Statement of Cash Flows -Operating Activity Statement of Cash Flows ΝΑ

Buying assets to expand a business is classed as which activity in the statement of cash flows?   a.Investing. b.Operating. c.Financing. d.Non-cash. e.None of the above answers is correct.

Which of the following is NOT a true statement about the statement of cash flows? a. It shows how the profits or losses of the company were generated. b. It covers a specific span of time the same as the income statement. c. It reports why cash increased or decreased. d. It shows where cash came from and how it was spent.