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Question 43 2 pts Which of the following would appear as a prior period adjustment? loss resulting from the sale of fixed assets difference between
Question 43 2 pts Which of the following would appear as a prior period adjustment? loss resulting from the sale of fixed assets difference between the actual and estimated uncollectible accounts receivable error in the computation of depreciation expense in the preceding year loss from the restructuring of assets Question 44 2 pts On the statement of cash flows prepared by the indirect method, the cash flows from operating activities section would include receipts from the sale of investments amortization of premium on bonds payable O payments for cash dividends receipts from the issuance of common stock Question 45 2 pts Financing activities include lending money acquiring investments issuing debt acquiring long-lived assets Question 46 2 pts Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? an increase in inventory O a decrease in accounts payable O preferred dividends declared and paid a decrease in accounts receivable Question 47 2 pts A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows: an increase of $54,000 from investing activities an increase of $63,000 from investing activities and a deduction from net income of $9,000 an increase of $9,000 from investing activities an increase of $54,000 from investing activities and an addition to net income of $9,000
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