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Chapter 8 Practice Common examples of cash equivalents are all of the following EXCEPT a ) Money market funds b ) Treasury bills ( c
Chapter Practice Common examples of cash equivalents are all of the following EXCEPT a Money market funds b Treasury bills c Accounts receivable d Certificates of deposit with an original maturity date of days Cash Equivalents refer to a Accounts receivable that are highly collectible b Investments that pay dividends C Shortterm investments that have a maturity date no longer than three months d Interest receivable One of the primary reasons for investing in equity securities includes a Receiving dividend payments b Earning interest revenue c Acquiring debt of competing companies d Deducting dividend payments for tax purposes One of the primary reasons for investing in debt securities includes a Deducting interest payments for tax purposes b Acquiring ownership control in other companies c Earning interest revenue d Receiving dividend payments On January Gentle Ben, Inc. purchased shares of stock in The Gear Shed for $ per share. The effect of the purchase on the financial statements would include a An increase to assets, an increase to stockholders' equity b An increase to assets, an increase to revenues c An increase to assets, a decrease to assets d An increase to liabilities, a decrease to stockholders' equity On January Gentle Ben, Inc. purchased shares of stock in The Gear Shed for $ per share. On June The Gear Shed paid cash dividends of $ per share to all shareholders. The effect on Gentle Ben's financial statements for the cash dividends received would be a An increase in assets, an increase in revenues b A decrease in assets, an increase in expenses c An increase in assets, a decrease in assets d A decrease in assets, a decrease in liabilities
Chapter Practice
Common examples of cash equivalents are all of the following EXCEPT
a Money market funds
b Treasury bills
c Accounts receivable
d Certificates of deposit with an original maturity date of days
Cash Equivalents refer to
a Accounts receivable that are highly collectible
b Investments that pay dividends
C Shortterm investments that have a maturity date no longer than three months
d Interest receivable
One of the primary reasons for investing in equity securities includes
a Receiving dividend payments
b Earning interest revenue
c Acquiring debt of competing companies
d Deducting dividend payments for tax purposes
One of the primary reasons for investing in debt securities includes
a Deducting interest payments for tax purposes
b Acquiring ownership control in other companies
c Earning interest revenue
d Receiving dividend payments
On January Gentle Ben, Inc. purchased shares of stock in The Gear Shed for $ per share. The effect of the purchase on the financial statements would include
a An increase to assets, an increase to stockholders' equity
b An increase to assets, an increase to revenues
c An increase to assets, a decrease to assets
d An increase to liabilities, a decrease to stockholders' equity
On January Gentle Ben, Inc. purchased shares of stock in The Gear Shed for $ per share. On June The Gear Shed paid cash dividends of $ per share to all shareholders. The effect on Gentle Ben's financial statements for the cash dividends received would be
a An increase in assets, an increase in revenues
b A decrease in assets, an increase in expenses
c An increase in assets, a decrease in assets
d A decrease in assets, a decrease in liabilities
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