Use This Information to Answer the Following Question

question 8

Multiple Choice

Use this information to answer the following question.

Oconee Corporation is preparing a statement of cash flows. The following transactions occurred during the year:

1. Sold machinery for $18,000 cash.
2. Purchased a building for $160,000 cash.
3. Issued $140,000 worth of stock to acquire an airplane.
4. Converted long-term bonds by issuing $200,000 worth of stock.
5. Declared and paid a $20,000 cash dividend.

Transaction 3 would be found on the statement of cash flows in the

• A) cash flows from operating activities section.
• B) cash flows from financing activities section.
• C) noncash investing and financing transactions section.
• D) cash flows from investing activities section.

---

Definitions:

Hierarchical Systems

Organizational structures or systems characterized by levels of authority, where each level has control over the levels below it.

Cerebellum

A portion of the brain that plays an important role in motor control, and can also be involved in some cognitive functions such as attention and language.

Meninges

Protective membranes that cover the brain and spinal cord, consisting of three layers: the dura mater, arachnoid mater, and pia mater.

Cerebrospinal Fluid

A transparent, colorless liquid located in the brain and spinal cord, which offers padding while ensuring a constant environment.