QUESTION 1 On ABC's balance sheet, the current portion of long term debt rose by $15,000 which would cause cash to increase. True O False QUESTION 2 On ABC's balance sheet, accounts receivable rose by $5,000 which would cause cash to decrease. O True False QUESTION 3 On ABC's balance sheet, inventory rose by $25,000 which would cause cash to decrease. True O False QUESTION 4 On ABC's balance sheet, accounts payable rose by $4,000 which would cause cash to increase. O True False QUESTION 5 On ABC's balance sheet, the common stock and paid in capital account rose by $25,000 which would cause cash to decrease. O True False QUESTION 6 On ABC's balance sheet, property plant and equipment rose by $4,000 which would cause cash to increase. True O False QUESTION On ABC's balance sheet, the current portion of long term debt rose by $25,000 which would cause cash to decrease. True False QUESTION 8 On ABC's balance sheet, the current portion of long term debt rose by $4,000 which would cause cash to increase. True False QUESTION 9 On ABC's balance sheet, the common stock and paid in capital account rose by $15,000 which would cause cash to increase. O True False QUESTION 10 On ABC's balance sheet, inventory rose by S4,000 which would cause cash to increase. True False QUESTION 11 The emphasis in accounting is on the determination of accounting income, or net income, while the emphasis in finance is on cash flows. Which of the following events will cause cash flow to increase? The corporation makes interest payments to the bank on borrowed funds. Inventory is sold and an accounts receivable entry is recorded. The corporation sells a fully depreciated asset for cash. A stock dividend is declared for current shareholders of the corporation QUESTION 12 On ABC's balance sheet, accrued salaries rose by $25,000 which would cause cash to decrease. True False