A. Option A B. Option B C. Option C D. Option D Thomas Co. was organized on January 1, 2018. The firm was authorized to issue 100,000 shares of S5 par value common stock. During 2018, Thomas Co.had the following transactions relating to shareholders' equity 37, Which of the following transactions would NOT create a cash flow? A The company purchased some of its own stock froem a stockholder. B. Payment of a dividend. C. The company purchased land by issuing common stock D. Sale of equipment at book valuc. 38. The Statemvent of Cash Flows: A. Lists all cash flows over the life of a company B. Breaks down all cash transactions into investing and financing cash flows C. Shows that the change in total cash from one year to the next is oqual to the net operating, investing, and financing cash flows D. Lists all cash flows during the period 39. Which of the following is added to net incoeme as an adjustment when peeparing the statement of cash flows? A. Salaries payable increase. B. Gain on the sale of land. C. Inventory increase D. Accounts receivable increase. When using vertical analysis, we express balance sheet accounts as a percentage of 40. A. Total Equity B. Retained earnings. C. Total liabilities. D. Total assets 41. Which of the following ratios is most useful in evaluating solvency? A. Debt to equity ratio. Current ratio. Receivables turnover ratio. Inventory turnover ratio. B. C. D. 42. Which of the following ratios is most useful in evaluating liquidity? A. Acid-test ratio. B. Retum on equity C. Profit margin ratio D. Asset turnover