Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect
Question:
Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in
| a. | the cash flows from financing activities section |
| b. | a separate schedule |
| c. | the cash flows from operating activities section |
| d. | the cash flows from investing activities section |
On the statement of cash flows, the cash flows from operating activities section would include
| a. | receipts from the sale of investments |
| b. | receipts from the issuance of common stock |
| c. | cash receipts from sales of merchandise |
| d. | payments for the acquisition of investments |
On the statement of cash flows, the cash flows from financing activities section would include
| a. | receipts from the issuance of common stock |
| b. | payments for the acquisition of investments |
| c. | receipts from a note receivable |
| d. | receipts from the sale of investments |
Financing activities include
| a. | acquiring long-lived assets |
| b. | lending money |
| c. | issuing debt |
| d. | acquiring investments |
Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is
| a. | $118,000 |
| b. | $102,000 |
| c. | $150,000 |
| d. | $110,000 |
On the statement of cash flows, the cash flows from investing activities section would include
| a. | payments for retirement of bonds payable |
| b. | payments for dividends |
| c. | receipts from the sale of investments |
| d. | receipts from the issuance of common stock
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