Question 17:
A company acquired a building, paying a portion of the purchase price in cash and issuing a mortgage note
payable to the seller for the balance. In a Statement of Cash Flows, what amount is included in investing
activities for the above transaction? Question 18: What was New England ' s cash balance at the end of the year? Question 19: What was Cowl ' s rate of return on assets for 2004? Question 20:
Which of the following facts concerning plant assets should be disclosed in the summary of significant
accounting policies? Question 21:
In Trey ' s December 31, 2005 Balance Sheet, what amount should be reported as total current assets?
Question 22:
What amount should Paper report as net cash provided by operating activities in its Statement of Cash Flows
for the year? Question 23: