Use This Information to Answer the Following Question

question 142

Multiple Choice

Use this information to answer the following question. Northbrook Corporation is preparing a statement of cash flows.The following transactions occurred during the year:
1) Sold machinery for $9,000 cash.
2) Purchased a building for $80,000 cash.
3) Issued $70,000 worth of stock to acquire an airplane.
4) Converted long-term bonds by issuing $100,000 worth of stock.
5) Declared and paid a $10,000 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:

Cross-Cultural

Pertaining to or comparing the cultural practices, beliefs, and phenomena of different societies, aiming to understand the diversity and commonalities among cultures.

Pastoralists

People or societies who raise livestock as their primary means of livelihood.

Kuchi

A traditionally nomadic group of people in Afghanistan, known for their seasonal migrations with herds of livestock.

Afghanistan

A landlocked country located in South and Central Asia, known for its rich history and diverse cultural heritage.