Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Merchandise inventory decreased during the year.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Merchandise inventory decreased during the year.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 2

2

2 points

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Question at position 2

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Depreciation expense on Entity A's building was $12,000.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Depreciation expense on Entity A's building was $12,000.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 3

3

2 points

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Question at position 3

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A sold land held for investment at a gain (answer only for the gain).

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A sold land held for investment at a gain (answer only for the gain).

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 4

4

2 points

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Question at position 4

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Accounts payable decreased during the year.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Accounts payable decreased during the year.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 5

5

2 points

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Question at position 5

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A replaced its server (equipment) paying cash for a new one.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A replaced its server (equipment) paying cash for a new one.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 6

6

2 points

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Question at position 6

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A exchanged a parcel of land it owned for a drive-through restaurant.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A exchanged a parcel of land it owned for a drive-through restaurant.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 7

7

2 points

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Question at position 7

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Cash dividends of $1.50 per share were paid to common stockholders.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Cash dividends of $1.50 per share were paid to common stockholders.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 8

8

2 points

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Question at position 8

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A issued bonds payable in the amount of $500,000.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A issued bonds payable in the amount of $500,000.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 9

9

2 points

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Question at position 9

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Salaries and wages payable decreased during the year.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Salaries and wages payable decreased during the year.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

Non-cash

Question at position 10

10

2 points

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Question at position 10

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Accounts Receivable increased during the year.

Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Accounts Receivable increased during the year.

Cash Flows From Operating ActivitiesAdd to Net Income

Cash Flows From Operating ActivitiesDeduct from Net Income

Cash Flows From Investing Activities

Cash Flows From Financing Activities

non cash