QUESTION 11 Each of the following transactions would be classified as a financing activity except:...
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Accounting
QUESTION 11
Each of the following transactions would be classified as a financing activity except:
Repurchasing a company's shares for cash
Repayment of external borrowings
Acquiring an investment in the shares of another company
Cash payments for dividends to shareholders
QUESTION 12
National Co. reported a net loss of $30 000 for 2014, yet its cash balance increased during the year. Which financial statement should National's management refer to for an explanation of this situation?
Statement of comprehensive income
Statement of financial position
Statement of retained earnings
Statement of cash flows
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