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Question 1 options: In this section, the number of marks is indicated separately for each question. There are 3 5 marks in total. Milo Inc.
Question options: In this section, the number of marks is indicated separately for each question. There are marks in total. Milo Inc. had the following account balances at December : Account Name Amount Dividends $ Prepaid expenses Interest expense Website expense Accounts receivable Deferred revenue Income tax expense Collections from customers Purchase of intangibles Payments to suppliers Car expense Retained earnings beginning of year Payment of dividends Rent expense Supplies expense Cash beginning of year Service revenue Cash received from debt Prepaid insurance Supplies Business licence Cash end of year Income tax payable Owners' capital Website design Entertainment expense Contributions by owners Accounts payable Bank loan payable, due in answer these questions What is the correct order for the current liabilities section of the balance sheet? a Accounts payable, payments to suppliers, deferred revenue, income tax payable b Bank loan payable, Income tax payable, Accounts payable, Deferred revenue c Accounts payable, Income tax payable, Payments to suppliers d Accounts payable, Deferred revenue, Income tax payable e Accounts payable, Income tax payable Enter the letter that corresponds to your choice. A B C D E D What is total liabilities on this company's balance sheet? What is total equity on this company's balance sheet? What is the correct order for the equity section of the balance sheet? a Owners' Capital, Retained earnings b Retained earnings, Owners' capital c Retained earnings, Owners' capital, Profit d Retained earnings, Profit, Owners' capital e Owners' capital, Retained earnings, Profit, Dividends Enter the letter that corresponds to your choice. A B C D E A What is the correct title for this company's statement of cash flows? a Milo Ltd Statement of Cash Flows, December b December Statement of Cash Flows, Milo Ltd c Milo Ltd December Statement of Cash Flows d Milo Ltd Statement of Cash Flows, Year ended December e Statement of Cash Flows, Milo Ltd Year ended December Enter the letter that corresponds to your choice. A B C D E D What is total cash flow from investing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as What is total cash flow from operating activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as What is total cash flow from financing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as What is the net change in cash on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as What is the correct order for the sections of this company's statement of cash flows? a Operating, Investing, Financing, Change in cash b Investing, Operating, Financing, Change in cash c Financing, Investing, Operating, Change in cash d Investing, Operating, Financing e Change in cash, Investing, Operating, Financing
Question options:
In this section, the number of marks is indicated separately for each question. There are marks in total.
Milo Inc. had the following account balances at December :
Account Name Amount
Dividends $
Prepaid expenses
Interest expense
Website expense
Accounts receivable
Deferred revenue
Income tax expense
Collections from customers
Purchase of intangibles
Payments to suppliers
Car expense
Retained earnings beginning of year
Payment of dividends
Rent expense
Supplies expense
Cash beginning of year
Service revenue
Cash received from debt
Prepaid insurance
Supplies
Business licence
Cash end of year
Income tax payable
Owners' capital
Website design
Entertainment expense
Contributions by owners
Accounts payable
Bank loan payable, due in
answer these questions
What is the correct order for the current liabilities section of the balance sheet?
a Accounts payable, payments to suppliers, deferred revenue, income tax payable
b Bank loan payable, Income tax payable, Accounts payable, Deferred revenue
c Accounts payable, Income tax payable, Payments to suppliers
d Accounts payable, Deferred revenue, Income tax payable
e Accounts payable, Income tax payable
Enter the letter that corresponds to your choice. A B C D E
D
What is total liabilities on this company's balance sheet?
What is total equity on this company's balance sheet?
What is the correct order for the equity section of the balance sheet?
a Owners' Capital, Retained earnings
b Retained earnings, Owners' capital
c Retained earnings, Owners' capital, Profit
d Retained earnings, Profit, Owners' capital
e Owners' capital, Retained earnings, Profit, Dividends
Enter the letter that corresponds to your choice. A B C D E
A
What is the correct title for this company's statement of cash flows?
a Milo Ltd Statement of Cash Flows, December
b December Statement of Cash Flows, Milo Ltd
c Milo Ltd December Statement of Cash Flows
d Milo Ltd Statement of Cash Flows, Year ended December
e Statement of Cash Flows, Milo Ltd Year ended December
Enter the letter that corresponds to your choice. A B C D E
D
What is total cash flow from investing activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as
If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as
What is total cash flow from operating activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as
If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as
What is total cash flow from financing activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as
If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as
What is the net change in cash on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a sign. For example, inflow of $ enter as
If the amount is an OUTFLOW enter the amount with a sign. For example, outflow of $ enter as
What is the correct order for the sections of this company's statement of cash flows?
a Operating, Investing, Financing, Change in cash
b Investing, Operating, Financing, Change in cash
c Financing, Investing, Operating, Change in cash
d Investing, Operating, Financing
e Change in cash, Investing, Operating, Financing
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