Question
1.Which of the following will appear as a negative amount on a statement of cash flows? a). A Decrease In Inventory b). An Increase In
1.Which of the following will appear as a negative amount on a statement of cash flows?
a). A Decrease In Inventory
b). An Increase In Accounts Payable
c). An Increase In Accounts Receivable
d). Depreciation Expense
2. This Company reports on an accrual basis of accounting. If a quarterly bill has not been received by the end of the month, what should you do?
a). Nothing, wait for the bill to come and record it when it does
b). Accrue the entire quarterly bill, and then move the future 2 months to prepaid
c). Accrue one month of the bill
d). Accrue the entire quarterly bil
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