Remaining Time: 1 hour, 47 minutes, 37 seconds. Question Completion Status: QUESTION 12 Under the allowance method, we can estimate the uncollectable accounts receivable using either the 1) Percentage-of- Sales Approach and/or 2) Percentage-of-Receivables Approach: O True False QUESTION 13 Indicate whether the following will have a positive or negative EFFECT ON CASH A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". a. An increase in the balance of Prepaid Insurance QUESTION 14 Indicate whether the following will have a positive or negative EFFECT ON CASH 4 points Save Answer 4 points SaveAnswer 4 points SaveAnswer Reading List Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increasen cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". b. A decrease in Supplies on hand QUESTION 15 Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". c. The proceeds from the sale of equipment formerly used in the business points Save Artswer 4 points SaveAnswer Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 16 Indicate whether the following will have a positive or negative EFFECT ON CASH A positive effect could also be thought of as a source of cash, an increasen cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". d. The Loss on the Sale of Equipment in the previous question QUESTION 17 Indicate whether the following will have a positive or negative EFFECT ON CASH A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". e A decrease in Accounts Payable 4 points Save Answer 4 points SaveAnswer Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 18 Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". 1. An increase in Accounts Receivable QUESTION 19 Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". g. An increase in the current liability Warranty Liability 4 points SaveAnswer 4 points SaveAnswer Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 20 Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". h. Dividends declared and paid QUESTION 21 Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". i. Proceeds from the issuance of Preferred Stock 4 points Save Answer 4 points Save Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit QUESTION 22 Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". The Gain on the Sale of Equipment formerly used in the business QUESTION 23 Using the indirect method, the increase in accumulated depreciation is added to net income in the operating section. True False 4 points Save Answer 4 points Save