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42)In the Statement of Cash Flows, the category that is generally considered to be the best measure of a company's ability to continue as a

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42)In the Statement of Cash Flows, the category that is generally considered to be the best measure of a company's ability to continue as a going concern is A)Cash flows from operating activities B)Cash flows from investing activities C)Cash flows from financing activities DJUsually different from year to year 43)Which one of these affects cash during a period? A)Recording depreciation expense B)Declaration of a cash dividend C)Write-off of an uncollectible account receivable D)Payment of an accounts payable Rome Food Stores purchased canned goods n/30. Half of the goods had been mislabeled and were retuned immediately to the supplier. If Harvest Food pays the remaining amount of the invoice within the discount period, the amount an invoice price of $4,000 and terms of 2/10, paid should be: A. $1,920 B. SI.960. C. $3,920. D. $4,000. 45) If Dog Supplies, Inc purchased inventory at $2,200 list price and the terms were 3/10 n30 what would be the value associated with the inventory if payment was made within 10 days? A. $2,268. B. $2,334 C. $2,200. D. $2,134 46. Alexander Co. uses its periodic inventory system and the following information is available: Sales $43,400, Inventory (Beginning) $11,200, Inventory (Ending) $9,800, Purchases S32.200. What is the cost of goods sold? A. $9,800. B. $33,600. C. $32,200. D. $43,400, 47. What is the gross profit for Alexander? A. $9,800 B. $33,600 C. $32,200 D. $43,400 48. The bookkeeper for Hogan Corp. prepared a check for $78 but accidentally recorded it as $96. When preparing the bank reconciliation, this should be corrected by

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