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TB MC Qu. 12124 (Algo) Stormer Company reports the following... Stormer Company reports the following amounts on its statement of cash flow: Net cash provided

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TB MC Qu. 12124 (Algo) Stormer Company reports the following... Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities of $30,500; net cash used in investing activities of $11,000 and net cash used in finaneing activities of $13,500. If the beginning cash balance is $5,500, what is the ending cash balance? Aultiple Choice $60,500 $49,500 $33.500. $6,000 $11,500 TB MC Qu. 12-113 (Static) In preparing a company's statement... In preparing a company's statement of cash flows using the indirect method, the following information is avallable: Net cash provided by operating activities was Muitiple choice 5102,000 562,000 $72.000 5107000 $112.000 TB MC Qu. 12-139 (Static) Which of the following statements related... Which of the following statements related to reporting cash flows from investing and financing activities is false? Multiple Choice. Reporting of financing octivities is the same under the direct method and indirect method. Changes in long-term liability accounts and equity accounts are analyzed to determine cash flows from financing activities. Changes in iong-term asset accounts are analyzed to determine cash flows from investing activities. The direct method opplies accrual accounting while the indirect method applies cash basis accounting Reporting of investing activities is the same under the direct method and indirect method TB MC Qu. 12-128 (Algo) The accountant for TI Company... The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Multiple Choice $294,000 515,000 $273,000. $219,000 $17000 Which of the following questions is not addressed by the statement of cash flows? Multiple Choice How is the increase in investments financed? What is the source of cash for new plant assets? How much cash is generated from or used in operations? How much of the company's revenues have been retained as profit? Why is cash flow from operations different from income? Which one of the following is an example of cash flows from operating activities? Multiple Choice Proceeds from collecting the principal amounts of loans. Repayment of principals on loans. Proceeds from the issuance of bonds and notes payable. Payments to acquire equity securities of other companies. Receipts of cash from sales. TB MC Qu. 12-63 (Static) Investing activities do... Investing activities do not include the: Multiple Choice Purchase of plant assets. Loaning of money in exchange for notes receivable. Issuance of common stock. Sale of plant assets. Sale of investments. TB MC Qu. 12-119 (Algo) A company reported that its... A company reported that its bonds with a par value of $50,000 and a carrying value of $63,500 are retired for $67,800 cash, resulting in a loss of $4,300. The amount to be reported under cash flows from financing activities is: Multiple Choice $(67,800) $(63,500) $(13,500) $13.500 5(4,300) TB MC Qu. 12-64 (Static) The appropriate section in the statement... The appropriate section in the statement of cash flows for reporting the cash payment of wages is: Multiple Choice Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows. When preparing a statement of cash flows using the indirect method, which of the following is correc? Multiple Choice Proceeds from the sale of equipment should be added back to net income in the operating activities section. A loss on the sale of land should be added back to net income in the operating activities section. The declaration of a cash dividend should be a use of cash in the operating activities section. The sale of plant assets should be a use of cash in the financing activities section. The purchase of land and a building by issuing a long term note payable should be a source of cash in the financing activities section. TB MC Qu. 12-113 (Algo) In preparing a company's statement... In preparing a company's statement of cash flows using the indirect method, the following information is available: Net cash provided by operating activities was: Multiple Choice $127,800 $54,200 $76,600. $89,000 5140,200 TB MC Qu. 12-95 (Static) When using the indirect method to... When using the indirect method to calculate and report the net cast provided or used by operating activities, net income is adjusted for all but which of the following? Muitiple Choice Gains and losses from nonoperating isems Revenues and expenses that did not provide or use cash. Changes in noncirrent assets and noncurteat iabities Changes in-current itabilaes retared to operating activitier Deprecision and amortzotion expense TB MC Qu. 12-117 (Static) A machine with a cost of... A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold for $40,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Muitiple Choice 545,000 $5,000 $17,000 $28,000 $40,000 TB MC Qu. 12-83 (Static) The cash flow on total assets ratio: The cash flow on total assets ratio: Multiple Choice Is the same as return on assets. Is the same as profit margin. Can help measure a company's ability to meet its obligations, pay dividends, expand operations, and obtain financing Is highly affected by accounting principles of income recognition and measurement Equals average net assets divided by cash flows from operations TB MC Qu. 12.97 (Static) The first line item in the operating... The first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method is: Multiple Choice Cash poid to suppliers Cash recelved from customers increase (decrease) in otcounts receivabie: Net income (loss) Adjustments to net income. TB MC Qu. 12-128 (Static) The accountant for TI Company... The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information available: What is the ending balance for retained eamings? Multile Choice $264,000 $13,000 5243000 5197000 5105000 TB MC Qu. 12-71 (Static) Cash flows from collections on... Cash flows from collections on credit sales are usually reported in the statement of cash flows as part of Multiple Choice Operating activities. Financing activities. Investing activities: Noncash investing and financing activities. This is not reported in the statement of cash flows. TB MC Qu. 12-67 (Static) The section in the statement of... The section in the statement of cash flows for reporting the receipt of cash from dividend revenue is: Multiple Choice Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows. TB MC Qu. 12-62 (Static) Which of the following items is reported... Which of the following items is reported on the statement of cash flows under financing activities Multiple Choice Purchase of equipment for cash. Payment of a cash dividend. Payment for merchandise. Purchase of an investment. Sale of merchandise. TB MC Qu. 12-151 (Static) Citi Company is... Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is avaliable tne amount or casn paid ror dividends was: Multiple Choice $44,000 $40,000 $57,000 $53,000 $36.000

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