Accounting Skills (Cash Flow), Finance And Accounting

Question: The use of a bond sinking fund to retire a long-term debt at maturity would appear in which of the following sections of the cash flow statement?
A
Operating section

B
Investing section

C
Financing section

D
It would not appear on the statement.

Note: Not available
1. Report
Question: When determining cash flow from operations, which of the following would be added back to net income?
A
Depreciation expense

B
Amortization of patent

C
Loss on sale of marketable securities

D
All of these

Note: Not available
1. Report
Question: 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
$10,000

B
$90,000

C
$110,000

D
$70,000

Note: Not available
1. Report
Question: A payment made from accounts payable will cause cash to ______________ .
A
increase

B
decrease

C
show no change

D
The effect on cash cannot be determined based on given information.

Note: Not available
1. Report
Question: Cash paid for land would be shown as ________________.
A
cash flow from operations

B
cash flow from investing

C
cash flow from financing

D
a non-cash transaction

Note: Not available
1. Report
Question: Declaring dividends will cause cash to ______________ .
A
increase

B
decrease

C
show no change

D
The effect on cash cannot be determined based on given information.

Note: Not available
1. Report
Question: Amortized discount on bonds payable would appear in which of the following sections of the cash flow statement?
A
Operating section

B
Investing section

C
Financing section

D
It would not appear on the statement.

Note: Not available
1. Report
Question: 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 ______________.
A
$100,000

B
$99,000

C
$119,000

D
$103,000

Note: Not available
1. Report
Question: At the beginning and end of 2007, XYZ Company reported the following balances for Bonds Payable: Jan 1: $100,000 Dec 31: $140,000 In addition, $60,000 In bonds was retired In 2007. Given the above data, the amount of Bonds Payable issued during the year was ______________.
A
$100,000

B
$20,000

C
$160,000

D
$180,000

Note: Not available
1. Report
Question: Deferred income tax payable that increased during the year would appear in which of the following sections of the cash flow statement?
A
Operating section

B
Investing section

C
Financing section

D
It would not appear on the statement.

Note: Not available
1. Report

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Question: The use of a bond sinking fund to retire a long-term debt at maturity would appear in which of the following sections of the cash flow statement?

Question: When determining cash flow from operations, which of the following would be added back to net income?

Question: 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 _____________.

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

Question: Cash paid for land would be shown as ________________.

Question: Declaring dividends will cause cash to ______________ .

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

Question: At the beginning and end of 2007, XYZ Company reported the following balances for Bonds Payable: Jan 1: $100,000 Dec 31: $140,000 In addition, $60,000 In bonds was retired In 2007. Given the above data, the amount of Bonds Payable issued during the year was ______________.

Question: Deferred income tax payable that increased during the year would appear in which of the following sections of the cash flow statement?