4. A company changed its inventory costing method from weighted average to FIFO inventory. Identify the appropriate treatment for this situation. A. Prospective treatment C. Retrospective treatment B. Discontinued operations D. Extraordinary item 5. The MacGruber Co. sold equipment that it was not using for $21,000 cash. In what section of the Statement of Cash Flows should the transaction be reported? A. Operating activities. C. Investing activities B. Liquidity activities. D. Financing activities 6. The O'Malley Corp. paid cash dividends to stockholders. In what section of the Statement of Cash Flows should it be reported? A. operating activities; B. Investing activities C. financing activities D. Shoufd not be reported. 4. A company changed its inventory costing method from weighted average to FIFO inventory. Identify the appropriate treatment for this situation. A. Prospective treatment C. Retrospective treatment B. Discontinued operations D. Extraordinary item 5. The MacGruber Co. sold equipment that it was not using for $21,000 cash. In what section of the Statement of Cash Flows should the transaction be reported? A. Operating activities. C. Investing activities B. Liquidity activities. D. Financing activities 6. The O'Malley Corp. paid cash dividends to stockholders. In what section of the Statement of Cash Flows should it be reported? A. operating activities; B. Investing activities C. financing activities D. Shoufd not be reported