Attempts Keep the Highest / 2 4. Statement of cash flows Determine how the following scenarios affect the firm's cash position. Identity whether the scenario describes a financing, Investing, or operating activity (as defined on the Statement of Cash Flows). Operating Activity Investing Activity Financing Activity Scenario Sell a tract of land it has held for years Pay preferred stock dividends O Oo Increase accrued abilities Sell some old equipment Issue shares of common stock Increase inventory holdings 0 O o Buy property for a future factory Now, indicate which of the scenarios below are expected to increase a company's cash flow. Check all that apply Seil some old equipment Issue shares of common stock Buy property for a future factory Increase inventory holdings Pay preferred stock dividends Back to Assignment Attempts Keep the highest/1 1. Financial statement accounts The following table lists a variety of accounts commonly seen in financial statements. Identify whether each account appears on the balance sheet as an asset, liability, or equity account, or whether it appears on the income statement as a revenue or expense. Asset Liability Equity Revenue Expense Account Accounts Payable O O 0 Property, plant, and equipment O 0 olo o Inventaries O Long-term debt O 0 Cost of goods sold Retained earnings O O Research and development a Prepaid expenses O O O OOO 0 O Common stock Accounts Receivable O o O 0 o Grado It Now Save & Continue Continuo without saving