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indirect method, the realized gain on an investment in securities held
for trading should be presented as
7. 7-In a statement of cash flows, which of the following would
increase reported cash flows from operating activities using the direct
method?
8. 8-In a statement of cash flows, proceeds from issuing equity
instruments should be classified as cash inflows from
9. 9In its June 30, 2004, balance sheet, what amount should Gold
report as current assets?
10. 10-In a statement of cash flows, interest payments to lenders and
other creditors should be classified as cash outflows for
11. 11-Which of the following items is included in the financing
activities section of the statement of cash flows?
12. 12-In year 2 a tornado completely destroyed a building belonging
to Holland Corp. The building cost $100,000 and had accumulated
depreciation of $48,000 at the time of the loss. Holland received a
cash settlement from the insurance company and reported an
extraordinary loss of $21,000. In Holland’s year 2 cash flow
statement, the net change reported in the cash flows from investing
activities section should be a
13. At what amount should Mont’s net assets be reported in the
December 31, year 2 balance sheet?
14. In JB Company's December 31, year five Balance Sheet, what
amount shou ld be reported as total retained earnings?
15. 15-What was Redwood's quick ratio?
16. In JB Company's December 31, year five Balance Sheet, what
amount should be reported as current assets?