ACC 3300 -Intermediate Accounting Examination II Chapters 4-6 9. (4 Points) The correct orde r to present current assets is a. cash, accounts receivable, prepaid items b. cash, c. cash, inventories, accounts receivable, prep d. cash, dccounts receivable, inventories, prepaid items. aid items inventories, prepaid items, accounts receivable. she4 Points) Which of the tollowing is not a required supplemental disclosure for the balance a. Contingencies b. Financial forecasts c. Accounting policies d. Contractual situations 11. (4 Points) If common stock was issued to acquire an $8,000 machine, how would the transaction appear on the statement of cash flows? a. It would depend on whether you are using the direct or the indirect method b. It would be a positive $8,000 in the financing section and a negative $8,000 in the c. It would be a negative $8,000 in the financing section and a positive S8,000 in the d. It would not appear on the statement of cash flows but rather on a schedule of noncash investing section. investing section. investing and financing activities. 12. (5 Points) Harding Corporation reports the following information: $530,000 140,000 60,000 Net income Depreciation expense Increase in accounts receivable Harding should report cash provided by operating activities of a. $330,000 b. $450,000. c. $610,000. d. $730,000. 13. (4 Points) Free cash flow is net income less capital expenditures and dividends. a. True b. False 14. (4 Points) Which of the following situations does not base an accounting measure on present values? a. Pensions. b. Prepaid insurance. C. Leases d. Sinking funds