1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. Question: Recording a depreciation expense 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
  7. Question: A cash payment for land acquisition 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
  8. Question: Which of the following typically happens during the growth 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
  9. Question: When determining cash flow from operations, which of the following would be a deduction from net income?

    A
    Depreciation expense

    B
    Increased accounts receivable

    C
    Decreased accounts receivable

    D
    Increased accounts payable

    Note: Not available
    1. Report
  10. Question: Which of the following would be shown in the financing section of a cash flow statement?

    A
    Long-term bonds payable issued

    B
    Long-term notes payable issued

    C
    Short-term notes payable issued

    D
    All of these

    Note: Not available
    1. Report
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