1. Which of the following would be considered a cash outflow in the investing activities section of the statement of cash flows? Select one:
a. Dividends paid to the company's own stockholders.
b. Payment of interest to a lender.
c. Purchase of equipment.
d. Retirement of bonds payable.
2.Badges Framing's cost formula for its supplies cost is $2,240 per month plus $6 per frame. For the month of May, the company planned for activity of 808 frames, but the actual level of activity was 810 frames. The actual supplies cost for the month was $7,090. The supplies cost in the flexible budget for May would be closest to:
Select one:
a. $7,088
b. $7,090
c. $7,106
d. $7,100
3.Which of the following would be classified as a financing activity on the statement of cash flows? Select one:
a. Interest paid to a lender.
b. Dividends paid to the company's common stockholders.
c. Cash paid to acquire a long-term investment.
d. Cash received from a loan that was made to another company.