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34.glavine company prepaid a bank loan with cash. Cash flow from this event should be reported as? A. And outflow for financing Activities on the
34.glavine company prepaid a bank loan with cash. Cash flow from this event should be reported as?
Addison Company experienced an accounting event that affected its financial statements as indicated below: Stmt of Assets-Liab. | +| Equity | Rev. |-| Exp.-Net Inc. | Cash Flows +-NA NA Which of the following accounting events could have caused these effects on Addison's statements? Multiple Choice A. And outflow for financing Activities on the statement of cash flows
B.An inflow for investing activities on the statement of cash flows
C.And outflow for investing activities on the statement of cash flows
D.An inflow for operating activities on the statement of cash flows
35.what is the term used to describe the policies and procedures that are designed to reduce the opportunities for fraud?
A.Asset source transactions
B.Financial systems
C.Internal controls
D. Accounting standards
38.
A.issued common stock
B.collected cash from customers in partial settlement of its accounts receivable
C.earned cash revenue
D.earned revenue on account
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