Which of the following is false with respect to the Statement of Cash Flows?

Question 50 options:

A)	Noncash expenses, like depreciation and amortization expenses, as well as, nonoperating losses are added back to net income to arrive at cash flows from operating activities.

B)	Increases in accounts receivables, increases in inventories and increases in accounts payables all generate cash inflows for the period.

C)	Cash flows from operating activities convert the company's net income to cash by adjusting earnings for noncash expenses, nonoperating gains/losses, and accruals taken on operating items from the balance sheet.

D)	Decreases in accounts receivables, decreases in inventories, and increases in payables will all result in cash inflows from operations.

Which of the following is considered the least important item from a Form 10-K for analyzing a business like APPLE?

Question 52 options:

A)	Item 6 - Selected Financial Data

B)	Item 1 - Business

C)	Item 4 - Mine Safety Disclosures

D)	Item 7 - Management's Discussion & Analysis

E)	Item 8 - Financial Statements & Supplementary Data

F)	Item 1A - Risk Factors

The company name "Apple Inc." is in cell A3. Use the concatenate function to write the equation which dynamically shows the following statement: Financial Statement Analysis - Apple Inc.

Question 54 options:

A)	=CONCATENATE("Financial Statement Analysis", - ,A3)

B)	=CONCATENATE("Financial Statement Analysis - ",A3)

C)	=CONCATENATE('Financial Statement Analysis - ',A3)

D)	=CONCATENATE('Financial Statement Analysis', - ,A3)

Which of the following is not true?

Question 55 options:

A)	Publicly traded companies file quarterly results with the SEC in a form called 10-Q.

B)	Publicly traded companies file annual results with the SEC in a form called 10-K.

C)	Private companies intending to go public in an IPO file form S-1.

D)	Publicly traded companies file the announcement of a materially significant in a form called 6-K.

Balance Sheet - which of the following is incorrect?

Question 58 options:

A)	The balance sheet represents the accounting equation of assets = liabilities + owners' equity.

B)	We can discuss the balance sheet items in terms of whether they are operating or nonoperating.

C)	A classified balance sheet highlights the differences between operating and nonoperating categories of assets and liabilities.

D)	A classified balance sheet highlights current assets, long-term assets, current liabilities, long-term liabilities and owners' equity.