Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question 12 non Manufacturing Co. sold equipment that cost s18,o of $1,000 was recorded, How is the Cash Flows from Investing 00 for 36.oo0 A
question 12 non Manufacturing Co. sold equipment that cost s18,o of $1,000 was recorded, How is the Cash Flows from Investing 00 for 36.oo0 A cash inflow of $5,000 is recorded A cash inflow of $6,000 is recorded. -A cash infow of $11,000 ls recorded. A cash inflow of $12,000 is recorded Question 13 4 pts The net cash provided by operating activities is affected by a change in merchandise inventory. a purchase of land for cash. the issue of bonds payable for cash proceeds of cash investments by stockholders. 4 pts Question 14 On a statement of cash flows, depreciation expense is subtracted from net income in the computation of the net cash provided by operating activities. urss(110932/quizzes/2330283/take Question 24 4 pts A corporation received $50,000 in cash when it sold a building and p when it purchased some new machinery. As a resu aid $90,000 in cash It, the statement of cash flows would report $40,000 as the net cash used in financing activities. $40,000 as the net cash provided by investing activities. 40,000 as the net cash used in investing activities. $40,000 as the net cash provided by financing activities. 4 pts Question 25 Transactions for the acquisition or disposal of long-term assets are operating activities. investing activities. financing activities. outflows or uses of cash. Question 16 4 pts A corporation received $80,000 in cash whe when it purchased some new machinery. As a result, the statement of cash flows would report n it sold a building and paid $50,000 in cash $30,000 as the net cash used in financing activities $30,000 as the net cash provided by investing activities. $30,000 as the net cash used in investing activities. $30,000 as the net cash provided by financing activities. Question 17 An increase in accounts payable is https://cehe.instructure.com/courses/110932/quizzes/2330283/take Question 18 When the net cash provided by operating activities is determined, the amortizationof bond premium a pts should be added to the net income should be subtracted from the net income should not be used in the calculation. should be subtracted from the net cash amount after other calculations have been made Question 19 4 pts Cash and cash equivalents, as used on the statement of cash flows, consist of O only currency and bank accounts. only bank accounts. currency, bank accounts, and all investments. currency, bank accounts and short-term, highly liquid investments. 4 pts Question 20 The payment of interest is considered to be https://cehe.instructure.com/courses/110932/quizzes/2330283/take or casth iint results from an o f poratirng acaivity n the statoment of cants flows that is not reported s Question 21 When the net cash provided by operating activities is determined, a gain on a sats of equipment should 4 pts be added to the net income be subtracted from the net income not be used in the calculation, be reported in the cash flows from financing activities section. 4 pts Question 22 On a statement of cash flows, an increase in a prepaid expense is included in computing cash flows from operating activities. O is included in computing cash flows from investing activities. O is included in computing cash flows from financing activities is not used in computing cash flows. A, c Question 23 An example of an investing activity is https://cehe.instructure.com/courses/110932/quizzes/2330283/take
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started