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33) Stor ner Compan by operat y reports the following amounts on its statement of cash flow: Net cash provided 2,300. If the beginning cash
33) Stor ner Compan by operat y reports the following amounts on its statement of cash flow: Net cash provided 2,300. If the beginning cash balance is $5100, what is the endir E) S56,100 used in financing activities was cash balance? net cash used in investing activities was $10,200 and net cas the beginning A) S11,100. D) $31,500. B) S6000. C) $45,900. 34) Revenue is properly recognized: A) At the end of the accounting period Only if the transaction creates an account receivable. C) When cash from a sale is received D) When the customer makes an order. pon completion of the sale or when services have been performed and the business obta the right to collect the sales price. 35) All of the following are classified as assets except: A) Equipment. B) Accounts Receivable. C) Land. D) Supplies. E) Accounts Payable. 36) Financial statements are typically prepared in the following order: A) Income statement, statement of retained earnings, balance sheet. B) Income statement, balance sheet, statement of retained earnings. C) Balance sheet, income statement, statement of retained earnings. D) Statement of retained earnings, balance sheet, income statement. E) Balance sheet, statement of retained earnings, income statement. 37) A bond sells at a discount when the A) Contract rate is below the market rate. B) Contract rate is above the market rate. C) Bond pays interest only once a year. D) Bond has a short-term life. E) Contract rate is equal to the market rate
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