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r Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28.500, net cash used in investing

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r Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28.500, net cash used in investing activities was S10.200 and net cash used in financing activities was $12,300. If the beginning cash balance is $5100, what is the ending cash balance? A) S11,100. 33) Stormer E) $56.100. C) S45,900.D) $31,500. B) $6000. 34) Revenue is properly recognized: A) At the end of the accounting period. B) Only if the transaction creates an account receivable. C) When cash from a sale is received. D) When the customer makes an order Upon completion of the sale or when services have been performed and the business obtains the right to collect the sales price 35) All of the following are classified as assets excepr A) Equipment. B) Accounts Receivable. C) Land. D) Supplies. Accounts Payable. 36) Financial statements are typically prepared in the following order Income statement, statement of retained earnings, balance sheet. B) Income statement, balance sheet, statement of retained earnings. C) Balance sheet, income statement, statement of retained earnings. D) Statement of retained earnings, balance sheet, income statement. E) Balance sheet, statement of retained earnings, income statement. Ouly-37) A bond sells at a discount when the: A) Contract rate is below the market rate. B) Contract rate is above the market rate. C) Bond pays interest only once a year D) Bond has a short-term life. E) Contract rate is equal to the market rate

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