Accounting

Accounting

Question: Which of the following about the statement of cash flow is incorrect?
A
The direct method may be used to report cash provided by operations.

B
The statement shows the cash provided (used) for dived by operations.

C
The operating section is the last section of the statement.

D
The indirect method may be used to report cash provided by operations.

Note: Not available
1. Report
Question: An example of cash flow form an investing activity is:
A
receipt of cash from the issuance of bonds payable.

B
payment of cash to repurchase outstanding capital stock.

C
receipt of cash from the sales of equipment.

D
payment of cash to suppliers for inventory.

Note: Not available
1. Report
Question: Net income is $132,000. During the year, accounts payable increased $10,000, inventory decreased $6000 and accounts receivable increased $12,000. Under the indirect method, net cash provided by operations is:
A
$102,000

B
$112,000

C
$124,000

D
$136,000

Note: Not available
1. Report
Question: Non charges that are added back to net income in determining cash provided by operations under the indirect method do not include:
A
depreciation expense.

B
an increase inventory.

C
amortization expense.

D
loss on sale of equipment.

Note: Not available
1. Report
Question: Non cash charges that are added back to net income in determining cash provided by operation under the indirect method do not include:
A
depreciation expense.

B
an increase in inventory.

C
amortization expense.

D
loss on sale of equipment.

Note: Not available
1. Report
Question: The beginning balance in accounts receivable is $44,000. The ending balance is $42,000. Sales during the period are $129,000. Cash receipts from customers are:
A
$129,000

B
$127,000

C
131,000

D
$141,000

Note: Not available
1. Report
Question: Which of the following items on a cash flow statements prepared by the direct method?
A
Loss on sale of building.

B
Increase in accounts receivable.

C
Depreciation expense.

D
Cash payments to suppliers.

Note: Not available
1. Report
Question: The statement of cash flow should not be used to evaluate an entity's ability to:
A
earn net income.

B
generate future cash flow.

C
pay dividends.

D
meet obligations.

Note: Not available
1. Report
Question: In a work sheet for the statement of cash flows, a decrease in accounts receivable is entered in the reconciling columns as a credit to Accounts Receivable and a debit in the:
A
investing activities section.

B
operating activities section.

C
financing activities section.

D
None.

Note: Not available
1. Report
Question: Comparisons of data within a company are an example of the following comparative basis:
A
Industry average.

B
Intracompany.

C
Intercompany

D
None

Note: Not available
1. Report

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Question: Which of the following about the statement of cash flow is incorrect?

Question: An example of cash flow form an investing activity is:

Question: Net income is $132,000. During the year, accounts payable increased $10,000, inventory decreased $6000 and accounts receivable increased $12,000. Under the indirect method, net cash provided by operations is:

Question: Non charges that are added back to net income in determining cash provided by operations under the indirect method do not include:

Question: Non cash charges that are added back to net income in determining cash provided by operation under the indirect method do not include:

Question: The beginning balance in accounts receivable is $44,000. The ending balance is $42,000. Sales during the period are $129,000. Cash receipts from customers are:

Question: Which of the following items on a cash flow statements prepared by the direct method?

Question: The statement of cash flow should not be used to evaluate an entity's ability to:

Question: In a work sheet for the statement of cash flows, a decrease in accounts receivable is entered in the reconciling columns as a credit to Accounts Receivable and a debit in the:

Question: Comparisons of data within a company are an example of the following comparative basis: