Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 12.00

investing activities

9. A machine with a cost of $146,000 and accumulated depreciation of $101,000 is sold for $58,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

  • $13,000
  • $45,000
  • $58,000
  • Zero. This is a financing activity.
  • Zero. This is an operating activity.


8. Becker Corporation paid cash dividends totaling $75,000 during its most recent fiscal year. How should this information be reported on Becker's statement of cash flows?

  • In investing activities as a use of funds.
  • In financing activities as a use of funds.
  • In operating activities as a source of funds.
  • In financing activities as a source of funds.
  • In investing activities as a source of funds.


10. The indirect method for the preparion of the operating activites section of the statement of cash flows:

  • Is required if the company is a merchandiser
  • Must not be used in all circumstances
  • Separately lists each major item of operating cash payments
  • Separately lists each major item of operating cash receipts
  • Reports net income and then adjust it for items necessary to determine net cash provided or used by operating activities

12. One of several ratios that reflects solvency includes the:

  • Days' sales in inventory
  • Times interest earned ratio
  • Total asses turnover
  • Acid-test ratio
  • Current ratio

13. Common size statement:

  • Show the dollar amount of change for financial statement items
  • Reveal patterns in data across successive periods
  • Compare financial statements over time
  • Reveal changes in the relative importance of each financial statement item
  • Do not emphasize the relative importance of each item

Answers

(5)
Status NEW Posted 11 Aug 2017 03:08 PM My Price 12.00

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