CHAPTER 8 QUIZ 1 TO 5

CHAPTER 8  QUIZ 1 TO 5

1. Balance sheet items are carried at original cost or market value at the discretion of the individual firm.

2. A primary use of the sources and uses of funds is to determine how current assets and longer-term assets are financed.

3. Cash flows from investing activities would involve the purchase or sale of plant and equipment.

4. Cash flows from operating activities would included the payment of cash dividends.

5. Cash flows from financing activities would include the repurchase of debt and equity.

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