Question
1)The issuance of shares and the payment of dividends are a.operating activities. b.investing activities. c.stock activities. d.financing activities. 2) The statement of financial position is
1)The issuance of shares and the payment of dividends are
a.operating activities.
b.investing activities.
c.stock activities.
d.financing activities.
2) The statement of financial position is useful for analyzing all of the following except
a.liquidity.
b.solvency.
c.profitability.
d.financial flexibility.
3) For most industries, current assets are presented in the statement of financial position in order of:
a.monetary value.
b.liquidity.
c.solvency.
d.importance.
4)Rover Corporation reports the following information:
Net income $2,500,000
Depreciation expense 340,000
Loss on the sale of investments 77,000
Increase in accounts receivable 160,000
Rover should report cash provided by operating activities of
a.$1,923,000.
b.$2,500,000.
c.$2,757,000.
d.$3,077,000.
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