ACC 557 TUTOR Learn by Doing/acc557tutor.com ACC 557 TUTOR Learn by Doing/acc557tutor.com | Page 86

7Multiple Choice Question 71
Carrot Company issued common stock for proceeds of $381,000
during 2013. The company paid dividends of $90,000 and issued a
long-term note payable for $95,000 in exchange for equipment during
the year. The company also purchased treasury stock that had a cost of
$18,000. The financing section of the statement of cash flows will
report net cash inflows of
$489,000.
$183,000.
$363,000.
$273,000
8IFRS Multiple Choice Question 223
Each of the following items may be classified as operating or
financing activities under IFRS except
dividends paid.
dividends received.
interest paid.
All of these may be classified as such.
9Multiple Choice Question 74