For each question, write the letter that corresponds to the best answers in the blank provided on the right. 18. Harbin Corporation acquired land by issuing shares of its own common stock. In Harbin's statement of cash flows. this transaction should be shown on a schedule of noncash investing and financing transactions. should be shown on the investing activities section as an outflow for purchase of a long-term asset. should be shown on the financing activities section as an inflow from stock. will not be shown because cash was not involved. 19. Management may use the statement of cash flows to a. assess the liquidity of the business. b. determine dividend policy. c. evaluate the effects of major policy decisions involving invest financing. d. do all of the above. 20. Cash equivalents are a. all current assets that can be converted to cash. b. short-term, highly liquid investments that have a maturity of ninety or less c. short-term marketable securities that can be readily converted to cash d. near cash items that can be converted to cash within one year or one or operating cycle, whichever is less