Finance And Accounting

Question: Collecting receivables 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: In 2007, XYZ Company had a net income of $150,000 and reported the following: Depreciation expense: $21,000 Issuance of debt: $120,000 Loss on sale of equipment: $23,000 Purchase of building: $110,000 Increase in inventory: $12,000 Given this data, the amount of cash flow from operations was ______________.
A
$182,000

B
$171,000

C
$159,000

D
$138,000

Note: Not available
1. Report
Question: Preferred stock issued for cash 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: The most popular method of presenting cash from operations in a cash flow statement is the _________________.
A
direct method

B
operations method

C
indirect method

D
funds method

Note: Not available
1. Report
Question: The amortization of a recorded patent 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: Preferred stock converted into common stock 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: An amortization of a bond discount would be shown __________________.
A
as an add-back to net income when determining cash flow from operations

B
as a deduction from net income when determining cash flow from operations

C
in the financing section

D
None of these

Note: Not available
1. Report
Question: When determining cash flow from operations, which of the following would NOT be deducted from net income?
A
Increase in accounts receivable

B
Loss on sale of equipment

C
Amortization of bond premium

D
Decrease in accounts payable

Note: Not available
1. Report
Question: Which of the following statements about depreciation expense is true?
A
Depreciation expense increases the expense for a period but does not use cash.

B
When determining funds from operations, depreciation expense that had originally been subtracted in computing net income is added back to net income, but it is not a use of cash.

C
Depreciation expense is not a source of funds.

D
All of these statements are true.

Note: Not available
1. Report
Question: Which of the following transactions would be shown on a cash flow statement, but does not affect cash?
A
Sale of bonds for cash

B
Exchange of land for stock

C
Collection of customer accounts

D
Payment of dividends to owners

Note: Not available
1. Report

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Question: Collecting receivables will cause cash to ______________ .

Question: Preferred stock issued for cash would appear in which of the following sections of the cash flow statement?

Question: The most popular method of presenting cash from operations in a cash flow statement is the _________________.

Question: The amortization of a recorded patent would appear in which of the following sections of the cash flow statement?

Question: Preferred stock converted into common stock would appear in which of the following sections of the cash flow statement?

Question: An amortization of a bond discount would be shown __________________.

Question: When determining cash flow from operations, which of the following would NOT be deducted from net income?

Question: Which of the following statements about depreciation expense is true?

Question: Which of the following transactions would be shown on a cash flow statement, but does not affect cash?