Question 30 (0.5 points)

Which of the following inventory cost flow assumptions does The Walt Disney Company use for merchandise, food, materials and supplies inventories?

Question 30 options:

	Specific identification
	FIFO
	LIFO
	Moving average

Question 31 (0.5 points)

Which depreciation method is used by The Walt Disney Company for their parks, resorts and other property?

Question 31 options:

	Straight-Line Method
	Activity-Based Method
	Sum-of-the-Years-Digits (SYD) Method
	Double Declining Balance (DDB) Method

Question 32 (0.5 points)

What does the term "Cash and Cash Equivalents" mean?

Question 32 options:

	Cash and short-term, highly liquid investments with original maturities of 3 months or more at the date of acquisition.
	Cash and short-term, highly liquid investments with original maturities of 3 months or less at the date of acquisition.
	All of the above
	None of the above

Question 33 (0.5 points)

What is an "accumulated deficit?"

Question 33 options:

	This occurs when a company has generated more losses than profits for a given year.
	This occurs when a company pays dividends during a given year.
	This occurs when a company has generated more losses over its life than profits.
	This occurs when a company pays dividend every year.

Question 34 (0.5 points)

Does The Walt Disney Company have retained earnings or an accumulated deficit in 2020?

Question 34 options:

	Accumulated deficit
	Retained earnings

Question 35 (0.5 points)

Which of the following financial statements can disclose information about dividends?

Question 35 options:

	Consolidated Statement of Cash Flows
	Consolidated Balance Sheet
	Consolidated Statement of Shareholders' Equity
	All of the above can disclose information about dividends

Question 36 (0.5 points)

Does The Walt Disney Company use the direct or indirect method for its cash flow statement?

Question 36 options:

	Direct
	Indirect

Question 37 (0.5 points)

Why doesn't Cash Flow from Operations equal Net Income (Loss)?

Question 37 options:

	The income statement includes non-cash items
	The income statement is based on accruals
	All of the above
	None of the above

Question 38 (0.5 points)

During 2020, The Walt Disney Company paid income taxes (in millions) of?

Question 38 options:

	$2,503
	$392
	$738
	$9,259

Question 39 (0.5 points)

From what category of activities did The Walt Disney Company generate the greatest amount of cash in 2020?

Question 39 options:

	Operating
	Investing
	Financing

Question 40 (0.5 points)

During 2020, The Walt Disney Company paid out cash related to Common Stock dividends (in millions) of?

Question 40 options:

	$0
	$1,587
	$2,895
	$2,445