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Question 3 (1 point) Cash flows from investing includes all of the following, EXCEPT, the purchase of property, plant and equipment. receiving dividends and interest. sale of property, plant and equipment. disposal of property, plant and equipment. Question 4 (1 point) Cash flows from investing activities include cash: inflows and outflows reflecting revenues and expenses. inflows from the sale of a company's own shares to its shareholders. inflows from the sale of long-term investments. outflows from the sale of long-term investments. Question 8 (1 point) A change in a company's cash account is equal to the: changes in liabilities minus the changes in shareholders' equity and noncash assets. change in noncash assets minus the changes in liabilities and shareholders' equity. sum of the changes in liabilities, shareholders' equity and noncash assets. changes in liabilities and shareholders' equity minus the change in noncash assets. Question 9 (1 point) In addition to wages payable, companies can also record liabilities for other aspects of payroll. True False Question 16 (1 point) Estes Company has assembled the following data for its divisions for the past year: Division A Division B Average Operating Assets.. ...... $500,000? Sales........... ? $520,000 Operating Income. $100,000 $20,300 Turnover...... 1.25 4 Margin............ ? 3.9% Minimum Required Rate of Return..... 14% ? Residual Income ? $6,000 What were Division A's sales revenues? $ 200,000 $ 125,000 $ 625,000 $ 400,000 Question 22 (1 point) For internal uses, managers are more concerned with receiving information that achieves which of the following standards? Relevant, completely accurate, and precise. Relevant, flexible, and timely. Completely accurate and precise. Completely objective and verifiable. Question 23 (1 point) Both financial and managerial accounting rely on the same underlying financial data but there are major differences. Managerial accounting: emphasizes relevance. emphasizes precision emphasizes financial consequences of past activities. must follow generally accepted accounting principles (GAAP)