Which of the following is true Question 57 options A) Use footnotes and comments to explain your work when needed B) Daisy chaining is an efficient way to link cells C) Hiding rows is better than grouping D) Always merge columns instead of centering across selection Statement of Cash Flows which of the following is incorrect when using the indirect method Question 58 options A) Gains on sales of assets are subtracted from net income to determine cash flows from operating activities B) Increases in operating current assets are subtracted to determine cash flows from operating activities C) Declaration and payment of dividends on company stocks are subtracted to determine cash flows from operating activities D) Losses on sales of assets are added to net income to determine cash flows from operating activities E) Increases in operating current liabilities are added to determine cash flows from operating activities Which of the following statements is incorrect Question 59 options A) Earnings is the net amount earned after deducting the cost of goods sold, expenses and losses It is often presented as net earnings or net income B) Dividends represent operating expenses which are frequently paid on a quarterly basis C) Capital expenditures or capex are the amounts spent for tangible assets that will be used for more than one year in the operations of a business Capital expenditures can be thought of as the amounts spent to acquire or improve a company's fixed assets or property, plant equipment D) A U S corporation's revenues are reported on the top line of its income statement, while its earnings are repor What is a common size income statement Question 60 options A) An income statement that groups all items of revenue together, then deducts all categories of expenses B) A statement that expresses each item on the income statement as a percentage of total assets C) A statement that expresses each item on the income statement as a percentage of net sales or revenues D) An income statement that provides intermediate profit measures

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Posted on Jul 12, 2024

Which of the following is true?

Question 57 options:

A)	Use footnotes and comments to explain your work when needed.

B)	Daisy chaining is an efficient way to link cells.

C)	Hiding rows is better than grouping.

D)	Always merge columns instead of "centering across selection".

Statement of Cash Flows - which of the following is incorrect when using the indirect method?

Question 58 options:

A)	Gains on sales of assets are subtracted from net income to determine cash flows from operating activities.

B)	Increases in operating current assets are subtracted to determine cash flows from operating activities.

C)	Declaration and payment of dividends on company stocks are subtracted to determine cash flows from operating activities.

D)	Losses on sales of assets are added to net income to determine cash flows from operating activities.

E)	Increases in operating current liabilities are added to determine cash flows from operating activities.

Which of the following statements is incorrect?

Question 59 options:

A)	Earnings is the net amount earned after deducting the cost of goods sold, expenses and losses. It is often presented as net earnings or net income.

B)	Dividends represent operating expenses which are frequently paid on a quarterly basis.

C)	Capital expenditures or capex are the amounts spent for tangible assets that will be used for more than one year in the operations of a business. Capital expenditures can be thought of as the amounts spent to acquire or improve a company's fixed assets or property, plant & equipment.