Accounting Skills (Cash Flow), Finance And Accounting

Question: Which of the following is NOT a characteristic of growing firms?
A
Significant increase in inventories

B
Reporting in the cash flow statement a deduction adjustment to net income for change in deferred taxes

C
Significant increase in accounts receivable

D
All of these

Note: Not available
1. Report
Question: Which of the following typically happens during the introduction phase of a product's life cycle?
A
Cash outflow exceeds cash inflow from operations.

B
Cash outflow exceeds cash inflow from investing activities.

C
Cash inflow exceeds cash outflow from financing activities.

D
All of these

Note: Not available
1. Report
Question: On a cash flow statement, depreciation expense ________________.
A
provides cash from operations

B
should be added to net income when determining cash provided by operations

C
should be deducted from net income when determining cash provided by operations

D
is an example of cash expense

Note: Not available
1. Report
Question: The major components of a cash flow statement are ________________________.
A
cash flow from operations, cash flow from investing, and cash flow from financing

B
cash flow from operations, other sources of cash, and other uses of cash

C
sources of cash from investments, application of cash for financing activities, and other cash transactions

D
cash received from customers, cash paid to customers, and other sources of cash

Note: Not available
1. Report
Question: Which of the following statements does NOT illustrate a proper interpretation of information in a cash flow statement?
A
Capital-intensive firms would likely show a substantially smaller add-back to net income for depreciation than service firms would show.

B
The product life cycle concept provides useful insights into the relation between cash flows from operating, investing, and financing activities.

C
The adjustments for changes in operating working capital accounts depend in part on a firm's rate of growth.

D
All of these

Note: Not available
1. Report
Question: Paying cash to retire preferred stock 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: When preparing cash flow statements, the practice of presenting cash from operations by listing all cash-generating revenues followed by all cash expenses is called the ______________.
A
direct method

B
operations method

C
indirect method

D
funds method

Note: Not available
1. Report
Question: In determining cash flow from operations, which of the following would be added to net income?
A
Increased accounts receivable

B
Increased merchandise inventory

C
Increased accounts payable

D
Decreased notes payable to suppliers

Note: Not available
1. Report
Question: In 2007, XYZ Company had a net loss of $160,000 and reported the following: Dividends paid: $40,000 Depreciation expense: $30,000 Increase in accounts payable: $15,000 Issuance of stock: $100,000 Retirement of debt: $50,000 Given this data, the net change in cash for 2007 was ______________.
A
($105,000)

B
$10,000

C
$215,000

D
($165,000)

Note: Not available
1. Report
Question: Which of the following would NOT be shown in the investing section of a cash flow statement?
A
Acquisition of equipment

B
Acquisition of a building

C
Proceeds from sale of equipment

D
All of these are shown in the investing section of a cash flow statement

Note: Not available
1. Report

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Question: Which of the following is NOT a characteristic of growing firms?

Question: Which of the following typically happens during the introduction phase of a product's life cycle?

Question: On a cash flow statement, depreciation expense ________________.

Question: The major components of a cash flow statement are ________________________.

Question: Which of the following statements does NOT illustrate a proper interpretation of information in a cash flow statement?

Question: Paying cash to retire preferred stock will cause cash to ______________ .

Question: When preparing cash flow statements, the practice of presenting cash from operations by listing all cash-generating revenues followed by all cash expenses is called the ______________.

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

Question: Which of the following would NOT be shown in the investing section of a cash flow statement?