5. A statement of cash flows has: a. 1 section b. 2 sections c. 3 sections d. 4 sections e. 5 sections 6. In the statement of cash flows, which of the following would be classified as an operating cash flow? Choose ALL that apply (this is an all or nothing question - you must correctly choose all correct answers to receive any credit for this question). a. Collection of cash from the sale of land. b. Payment of dividends. c. Purchase of inventory for $25,000 cash. d. Principle reduction payment on a short-term bank loan. e. None of the actions listed above would be classified as an operating cash flow. 7. In the statement of cash flows, which of the following would be classified as an investing cash flow? Choose ALL that apply (this is an all or nothing question - you must correctly choose all correct answers to receive any credit for this question). a. Purchase of land for $250,000. b. A long-term debt principal payment of $45,000. c. Sale of 2,500 shares of the company's common stock for $15 per share. d. Proceeds from the bank from a short-term loan of $35,000. e. None of the actions listed above would be classified as an investing cash flow. 8. In the statement of cash flows, which of the following would be classified as financing activity? Choose ALL that apply (this is an all or nothing question - you must correctly choose all correct answers to receive any credit for this question). a. $150,000 issuance of new long-term debt (i.e., issuing new corporate bonds). b. Sale of machinery for $100,000. c. $250,000 purchase of inventory. d. $725,000 issuance of new common stock. e. Purchase of inventory for $225,000. 9. On the statement of cash flows, cash outflows arise from assets, liabilities, and stockholders' equity. a. increasing; increasing; decreasing b. increasing; decreasing; decreasing c. decreasing; increasing; increasing d. decreasing; increasing; decreasing e. increasing; increasing; increasing f. decreasing; decreasing; decreasing g. none of the combinations listed above are correct