Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer these mcq, s Question 31 1 pts Which methad will yield the higher cash flows from financing activities? The net cash flow from

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

please answer these mcq,s

Question 31 1 pts Which methad will yield the higher cash flows from financing activities? The net cash flow from financing activities is not impacted by the choice between the direct and indirect methods. The indirect method yields higher cash flows from financing activities. O The direct method yields higher cash flows from financing activities. O It depends upon the situation. D Question 39 1 pts Ameans of assigning indirect product costs to work in process during the period is called o Overhead application rate O Cost of finished goods manufactured O Job order costing O Activity-based costing Question 40 1 pts An activity base that can be traced directly to units produced and can be used as a denominator in computing an overhead application rate is called O Cost driver O Cost of finished goods manufactured O Job order costing O Overhead application rate Question 37 1 pts Which of the following is not a potential benefit of using budgets? O More motivated managers O Enhanced coordination of firm activities o Improved interdepartmental communication More accurate external financial statements Question 38 1 pts The objectives of a cost accounting system are to O furnish managers with information to evaluate and reward performance o provide information necessary for external reporting requirements such as inventory valuations and cost of goods sold O All of the given choices O provide employees with information useful in managing activities that consume resources Companies that show profits on the income statement will always show positive cash flows from operating activities. false O true Short term borrowing is a part of operating activities o Investing activities O Payment activities O Financing activities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Auditors Guide To Internal Auditing

Authors: Bruce R. Turner

1st Edition

1634540549, 978-1634540544

More Books

Students also viewed these Accounting questions