Multiple Choice
Hitchcock Enterprises sold a vacant plot of land for $20,000.The company had paid $5,000 for the land ten years ago.On the statement of cash flows,this transaction would be reported as a ________.
A) operating cash inflow of $15,000
B) investing cash inflow of $15,000
C) investing cash flow of $20,000
D) financing cash inflow of $20,000
Correct Answer:
Verified
Correct Answer:
Verified
Q38: If an auditor is unable to form
Q48: Cash flows from operating activities are _.<br>A)$795<br>B)$1,595<br>C)$1,775<br>D)$1,970<br>
Q49: Cash flows from operating activities are _.<br>A)$55<br>B)$175<br>C)$(245)<br>D)$555<br>
Q50: Which of the following would be disclosed
Q54: Which of the following is not considered
Q55: The current ratio is for Matthews Corporation
Q57: The financial leverage for Matthews Corporation is
Q58: Which of the following is a component
Q70: All of the following activities are classified
Q80: Two components of return on equity are