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Question 4 Which of the following describes the analytic process to determine the depreciation expense included in the forecasted statement of cash flows? A. Depreciation

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Question 4 Which of the following describes the analytic process to determine the depreciation expense included in the forecasted statement of cash flows? A. Depreciation is a non-cash expense, thus it is not included in the statement of cash flows B. The year-over-year change in property, plant and equipment on the balance sheet is equal to depreciation expense C. Property, plant, and equipment from the prior year multiplied by depreciation rate reported in the footnotes D. Gross property, plant, and equipment from the prior year + Capital expenditures - Forecasted gross property, plant, and equipment E. None of the above Question 5 What are the four basic components of pension expense? O A. Service cost, benefits paid, expected return on plan assets, and amortization of deferred amounts B. Service cost, benefits paid, actual return on plan assets, and amortization of deferred amounts OC. Service cost, interest cost, actual return on plan assets, and amortization of deferred amounts OD. Service cost, interest cost, expected return on assets, and amortization of deferred amounts E. None of the above Question On January 1, Bloomingdale, Ine. borrows $92,000 from First Estate Bank. The loan is due in one year along with the following best describes the necessary accrual for interest expense? interest. The company is preparing its quarterly report for March 31. Which of AS 920 increase liabilities, increase expenses B.$3,680 decrease liabilities, decrease cash C. 53 680 increase expenses, decrease cash 0.53.680 increase liabilities, decrease expenses ES 920 decrease liabilities, decrease cash

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