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-In a statement of cash flows, the sale of a long-term investment would ordinarily be classified as: an operating activity. a financing activity. an investing

-In a statement of cash flows, the sale of a long-term investment would ordinarily be classified as:

an operating activity.

a financing activity.

an investing activity.

a lending activity.

-Which one of the following transactions should be classified as a financing activity on the statement of cash flows?

Purchase of equipment.

Purchase of the company's own stock.

Sale of a long-term investment.

Payment of interest to a lender.

-In a statement of cash flows, issuing bonds payable affects the:

operating activities section.

financing activities section.

investing activities section.

free cash flow activities section.

-Which of the following would be considered a cash inflow in the financing activities section of the statement of cash flows?

Issuing bonds payable.

Receiving cash from customers.

Sale of equipment.

Collection of a loan made to another company.

-In a statement of cash flows, a change in an income taxes payable account would be recorded in the:

operating activities section.

financing activities section.

investing activities section.

stockholders' equity section.

-Which of the following items would not be classified as an operating activity on the statement of cash flows?

Cash received from customers.

Dividends paid to the company's own stockholders.

Payments to government agencies for taxes.

Cash paid to compensate employees.

-Selling used equipment at book value for cash will:

increase working capital.

decrease working capital.

decrease the debt-to-equity ratio.

increase net income.

-If current assets exceed current liabilities, prepaying an expense on the last day of the year will:

decrease the current ratio.

increase the acid-test ratio.

decrease the acid-test ratio.

increase the current ratio.

-The ratio of total cash, marketable securities, accounts receivable, and short-term notes to current liabilities is:

the debt-to-equity ratio.

the current ratio.

the acid-test ratio.

working capital.

-The Seabury Corporation has a current ratio of 3.5 and an acid-test ratio of 2.8. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $49,000. Seabury Corporation's current liabilities must be:

$70,000

$100,000

$49,000

$125,000

-Feiler Corporation has total current assets of $483,000, total current liabilities of $347,000, total stockholders' equity of $1,057,000, total net plant and equipment of $1,031,000, total assets of $1,514,000, and total liabilities of $457,000. The company's current ratio is closest to:

0.32

0.30

1.39

0.95

-Harris Corporation, a retailer, had cost of goods sold of $290,000 last year. The beginning inventory balance was $26,000 and the ending inventory balance was $24,000. The corporation's inventory turnover was closest to:

12.08

11.60

5.80

11.15

-Calin Corporation has total current assets of $615,000, total current liabilities of $230,000, total stockholders' equity of $1,183,000, total net plant and equipment of $958,000, total assets of $1,573,000, and total liabilities of $390,000. The company's working capital is:

$615,000

$1,183,000

$385,000

$958,000

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