ACC 557 Week 10 Chapter 13 Quiz (all possible questions)\t\u00a0\tThis Tutorial contains All possible Questions from this chapter (it contains more than 200 questions set)\t\u00a0\tSOME SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200 QUESTIONS\t\u00a0\t1-\tMultiple Choice Question 86\tWhich one of the following affects cash during a period?\tPayment of an accounts payable\tRecording depreciation expense\tWrite-off of an uncollectible account receivable\tDeclaration of a cash dividend\t2-\tMultiple Choice Question 106\tLand acquired from the issuance of common stock is reported\tas a financing activity.\tin a separate schedule at the bottom of the statement.\tas an investing activity.\tas an operating activity.\t3-\tMultiple Choice Question 151\tThe information to prepare the statement of cash flows usually comes from each of the following except\tthe comparative balance sheet.\tthe current income statement.\tthe retained earnings statement.\tadditional information.\t4-\tMultiple Choice Question 46\tThe statement of cash flows will not report the\tamount of checks outstanding at the end of the period.\tchange in the cash balance for the current period.\tsources of cash in the current period.\tuses of cash in the current period.\t5-\tMultiple Choice Question 90\tStarting with net income and adjusting it for items that affected reported net income but which did not affect cash is called the\tcost-benefit method.\tdirect method.\tindirect method.\tworking capital method\t6-\tMultiple Choice Question 93\tIn developing the cash flows from operating activities, most companies in the U. S.\tprepare the operating activities section on the accrual basis.\tuse the direct method.\tuse the indirect method.\tpresent both the indirect and direct methods in their financial reports.\t7-\u00a0\tMultiple Choice Question 71\tCarrot Company issued common stock for proceeds of $381,000 during 2013. The company paid dividends of $90,000 and issued a long-term note payable for $95,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $18,000. The financing section of the statement of cash flows will report net cash inflows of\t$489,000.\t$183,000.\t$363,000.\t$273,000\t8-\tIFRS Multiple Choice Question 223\tEach of the following items may be classified as operating or financing activities under IFRS except\tdividends paid.\tdividends received.\tinterest paid.\tAll of these may be classified as such.\t9-\tMultiple Choice Question 74\tAccounts receivable arising from sales to customers amounted to $45,000 and $50,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $160,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is\t$205,000.\t$155,000.\t$165,000.\t$160,000\t10-\tMultiple Choice Question 120\tThe statement of cash flows will not provide insight into\twhether cash flow is greater than net income.\twhy dividends were not increased.\tthe exact proceeds of a future bond issue.\thow the retirement of debt was accomplished.\t11-\tMultiple Choice Question 83\tWhich one of the following items is not necessary in preparing a statement of cash flows?\tDetermine the cash in all bank accounts\tDetermine the change in cash\tDetermine the cash provided by operations\tDetermine cash from financing and investing activities\t12-\tMultiple Choice Question 44\tIf a company reports a net loss, it\twill not be able to pay cash dividends.\tmay still have a net increase in cash.\twill not be able to get a loan.\twill not be able to make capital expenditures.\t13-\u00a0\tMultiple Choice Question 108\tIn Flagg Company, net income is $280,000. If accounts receivable increased $145,000 and accounts payable decreased $50,000, net cash provided by operating activities using the indirect method is:\t$475,000.\t$185,000.\t$85,000.\t$375,000.\t14-\tMultiple Choice Question 56\tThe category that is generally considered to be the best measure of a company’s ability to continue as a going concern is\tusually different from year to year.\tcash flows from operating activities.\tcash flows from investing activities.\tcash flows from financing activities.\t15-\tMultiple Choice Question 150\tFinancing activities involve\tcash receipts from sales of goods and services.\tacquiring and disposing of productive long-lived assets.\tlending money to other entities and collecting on those loans.\tlong-term liability and owners’ equity items.<\/p>\n","protected":false},"excerpt":{"rendered":"
ACC 557 Week 10 Chapter 13 Quiz (all possible questions) \u00a0 This Tutorial contains All possible Questions from this chapter (it contains more than 200 questions set) \u00a0 SOME SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200 QUESTIONS \u00a0 Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-200289","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=200289"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200289\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=200289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=200289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=200289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}