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.

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Definitions:

mRNA

Messenger RNA; a single-stranded RNA molecule that conveys genetic information from DNA to the ribosome, where they specify the amino acid sequence of the protein products of gene expression.

Complementary DNA

A form of DNA synthesized from a messenger RNA template, allowing for the study or manipulation of gene expression.

Reverse Transcriptase

An enzyme used by retroviruses to transcribe their RNA into DNA, allowing it to be integrated into the host's genome.

Template

A pattern or model used as a guide for making something accurately, including in DNA replication and transcription processes.