Question: 8. In addition to the three basic financial statements, which of the following is also a required financial statement? a. The Cash Budget. b. Statement

 8. In addition to the three basic financial statements, which of

8. In addition to the three basic financial statements, which of the following is also a required financial statement? a. The Cash Budget. b. Statement of Cash Flows. c. Statement of Cash Inflows and Outflows. d. The Cash Reconciliation Financing activities from cash flows involve a receiving revenue. b. acquiring investments. c. issuing debt. d. acquiring long-lived assets On the statement of cash flows, the cash flows from operating activities section would include a receipts from the issuance of capital stock. b. receipts from the sale of investments. c. payments for the acquisition of investments. d. cash receipts from sales activities The payment of a cash dividend would be classified as a(n) a. operating activity b. investing activity c. financing activity d. significant noncash activity 10 11. 12. McDonalds Corporation engaged in the following transaction. Indicate where, if at all collected accounts receivable would be classified on the statement of cash flows. a. Operating activities section. b. Investing activities section c. Financing activities section d. Does not represent a cash flow

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