Question Completion Status:

QUESTION $13$

The indirect method for the preparation of the operating activities section of the statement of cash flows:

Is required if the company is a merchandiser

Separately lists each major item of operating cash payments

Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities

Must not be used in all circumstances

Separately lists each major item of operating cash receipts

QUESTION $14$

A machine with a cost of $$130,000$ and accumulated depreciation of $$85,000$ is sold for $$50,000$ cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

$$50,000$

Zero. This is a financing activity

$$5,000$

Zero. This is an operating activity

$$45,000$

QUESTION $15$

Which of the following items is reported on the statement of cash flows under financing activities?

Payment of a stock dividend

Declaration of a cash dividend

Payment of a cash dividend

Declaration of a stock dividend

Stock split

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