21) Cash received from customers would be reported on the statement of cash flows under:

A) financing activities.

B) investing activities.

C) operating activities.

D) noncash activities.

22) Cash received from the issuance of bonds would be reported on a statement of cash flows under:

A) investing activities.

B) financing activities

C) operating activities.

D) noncash activities.

23) Where would income taxes paid appear on the statement of cash flows?

A) Operating activities

B) Investing activities

C) Financing activities

D) Noncash activities

24) Interest paid on debt would be reported on a statement of cash flows under:

A) financing activities.

B) investing activities.

C) operating activities.

D) noncash activities.

25) The receipt of interest on loans would be reported on a statement of cash flows under:

A) operating activities.

B) investing activities.

C) financing activities.

D) noncash activities.

26) In preparing a statement of cash flows, converting bonds into common stock would be reported in:

A) the operating activities section.

B) the investing activities section.

C) the financing activities section.

D) a separate schedule or note to the financial statements.

27) Which of the following transactions does NOT affect cash during a period?

A) Sale of treasury stock

B) Write-off of an uncollectible account

C) Purchase of property

D) Payment of an accounts payable

28) Acquisitions of treasury stock would be reported on a statement of cash flows as:

A) operating activities.

B) investing activities.

C) financing activities.

D) noncash activities.

29) The purchase of treasury stock would be reported on a statement of cash flows as a:

A) cash outflow under the financing activities.

B) cash inflow under the investment activities.

C) cash inflow under the operating activities.

D) cash outflow under the investment activities.

30) Which of the following would be reported on a statement of cash flows as an investing activity?

A) Depreciation expense

B) Purchase of treasury stock

C) Sale of equipment for cash

D) Paying cash dividends