21) Cash collected from accounts receivables is characterized as an ________ activities.
A) inflow from investing
B) outflow for financing
C) inflow from operating
D) outflow for operating
22) Team Shirts, Inc. paid dividends of $1,250 to shareholders. This is an ________ activities.
A) inflow from investing
B) outflow for financing
C) inflow from operating
D) outflow for operating
23) Team Shirts, Inc. paid $3,250 for advertising. This is an ________ activities.
A) inflow from investing
B) outflow for financing
C) inflow from operating
D) outflow for operating
24) Team Shirts, Inc. issued 100 shares of stock for $15 per share. This is an ________ activities.
A) inflow from financing
B) outflow for financing
C) inflow from operating
D) outflow for investing
25) Which of the following events is not a cash flow?
A) purchase of treasury stock
B) sale of equipment for current carrying value
C) recognition of depreciation
D) collection of an account receivable
26) Which of the following events is not a source of cash?
A) amortization of a copyright
B) receipt of loan proceeds
C) sale of treasury stock
D) collection of an account receivable
27) Which of the following events is a use of cash?
A) issuance of stock
B) payment of an account payable
C) receipt of loan proceeds
D) collection of an account receivable
28) Which of the following events is a cash flow?
A) purchase of equipment in exchange for stock
B) amortization expense
C) depreciation expense
D) proceeds from sale of long-term assets
29) Which of the following events is not a source of cash?
A) collection of accounts receivable
B) receipt of loan proceeds
C) sale of treasury stock
D) amortization of a patent
30) Which of the following events is not a source of cash?
A) issuance of stock
B) issuance of a bond in exchange for land
C) proceeds from the sale of equipment
D) collection of an account receivable