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QUESTION 5 Other things held constant, which action would increase the amount of cash on a company's balance sheet? O a. The company issues new
QUESTION 5 Other things held constant, which action would increase the amount of cash on a company's balance sheet? O a. The company issues new common stock. O b. The company pays a dividend. O c. The company purchases a new piece of equipment. O d. The company gives customers more time to pay their bills. QUESTION 1 The annual financial statements of a firm contain which of the following basic financial statements? a. a discounted cash flow and a statement of cash flows and retained earnings b. income statements, a statement of cash flows and retained earnings, and a balance sheet C. income statements, a discounted cash flow, and statements of cash flows and retained earnings d. income statements and a statement of cash flows and retained earnings QUESTION 2 Which of the following items cannot be found on a firm's balance sheet under current liabilities? a. cost of goods sold b. accounts payable C. accrued wages d. short-term notes payable to the bank QUESTION 3 Which statement regarding retained earnings is true? O a. Since depreciation is a source of funds, the more depreciation a company has the larger its retained earnings will be, other things held constant. O b. If a firm reports a loss on its income statement, then the retained earnings account as shown on the balance sheet will be negative. O c. A firm can show a large amount of retained earnings on its balance sheet yet need to borrow cash to make required payments. O d. The retained earnings account as shown on the balance sheet shows the amount of cash that is available for paying dividends. QUESTION 4 JBS Inc. recently reported net income of $4,750 and depreciation of $885. How much was its net cash flow, assuming it had no amortization expense and sold none of its fixed assets? O a. $5,085.59 O b. $5.635.00 O c. $4,831.31 O d. $5,353.25
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