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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. For the following transaction, indicate where, if at all, it would be classified on the statement of cash flows. Assume the indirect method is used. Decrease in income taxes payable. (Points: 4) Operating activities section
Investing activities section
Financing activities section
Does not represent a cash flow
2. For the following transaction, indicate where, if at all, it would be classified on the statement of cash flows. Assume the indirect method is used. Purchased land for cash. (Points: 4)
Operating activities section
Investing activities section
Financing activities section
Does not represent a cash flow
3. Starting with net income and adjusting it for items that affected reported net income but which did not affect cash is called the (Points: 4)
Direct method.
Indirect method.
Working capital method.
Cost-benefit method.
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