XYZ reported balances in the Accumulated Depreciation account of $130,000 on 01/01/07 and $120,000 on 12/31/07. During 2007, an asset costing $100,000 (with an accumulated depreciation of $80,000) was sold for $20,000.

Given this data, the depreciation expense for 2007 was _____________.

A payment made from accounts payable will cause cash to ______________ .

Cash paid for land would be shown as ________________.

Declaring dividends will cause cash to ______________ .

Amortized discount on bonds payable would appear in which of the following sections of the cash flow statement?

In 2007, XYZ Company had a net income of $100,000 and reported the following account changes on its balance sheet: Accounts Receivable: $6,000 increase Accounts Payable: $2,000 increase Building: $8,000 decrease Accumulated Depreciation: $3,000 increase Bonds Payable: $16,000 increase Given this data, the amount of cash flow from operations was ______________.

On their income statement, XYZ Company reported $600,000 in sales, $320,000 in depreciation expense, $60,000 in income taxes, and $100,000 in other expenses. In addition, $80,000 of common stock was issued for cash during the year. Assuming that the company's non-cash working capital balances did not change during the year, the total amount of cash from operations was ____________.

In most countries, the preparation of a __________________ is a common practice.

Which of the following would be included in the investing section of a cash flow statement?

Long-term investments sold for cash with a recognized gain would appear in which of the following sections of the cash flow statement?

Salaries paid during the year would appear in which of the following sections of the cash flow statement?