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The value of Furniture, Fixtures and Equipment (in millions) for The Walt Disney Company for 2018 was: $55,238 $18,908 $28,995 $19,400 Accumulated amortization on Intangible

  1. The value of Furniture, Fixtures and Equipment (in millions) for The Walt Disney Company for 2018 was:
    1. $55,238
    2. $18,908
    3. $28,995
    4. $19,400

  1. Accumulated amortization on Intangible Assets (in millions) for The Walt Disney Company for 2018 was:
    1. $2,070
    2. $4,972
    3. $5,155
    4. $6,812

  1. Which of the following inventory cost flow assumptions does The Walt Disney Company use for merchandise, food, materials and supplies inventories?
    1. FIFO
    2. LIFO
    3. Moving average
    4. Specific identification

  1. What is an accumulated deficit?
    1. This occurs when a company has generated more losses than profits for a given year.
    2. This occurs when a company pays dividends during a given year.
    3. This occurs when a company has generated more losses over its life than profits.
    4. This occurs when a company pays dividends every year

  1. Does The Walt Disney Company have retained earnings or an accumulated deficit in 2018?
    1. Accumulated deficit
    2. Retained earnings

  1. How many shares of Common Stock were issued as of September 29, 2018?
    1. 4.6 billion
    2. 2.8 million
    3. 2.9 billion
    4. 319 million

  1. Does The Walt Disney Company use the direct or indirect method for its cash flow statement?
  1. Direct
  2. Indirect

  1. Which of the following financial statements can disclose information about dividends?
    1. Consolidated Statement of Cash Flows
    2. Consolidated Balance Sheet
    3. Consolidated Statement of Shareholders Equity
    4. All of the above can disclose information about dividends

  1. Why doesnt Cash Flow from Operations equal Net Income?
    1. The income statement includes non-cash items
    2. The income statement is based on accruals
    3. All of the above
    4. None of the above

  1. What is the largest single item that caused The Walt Disney Companys cash flow from operations to differ from net income in 2018?
  1. Other assets
  2. Receivables
  3. Depreciation and amortization
  4. Deferred income taxes

  1. From what category of activities did The Walt Disney Company generate the greatest amount of cash in 2018?
  1. Investing
  2. Financing
  3. Operating

  1. During 2018, The Walt Disney Company paid Common Stock dividends (in millions) of?
  1. $0
  2. $2,515
  3. $2,529
  4. $2,445

  1. Did The Walt Disney Company implement ASC 606: Revenue from Contracts with Customers during 2018?
  1. Yes
  2. No

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