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Intermediate Accounting

Business

Quiz 21 :

Statement of Cash Flows Revisited

Quiz 21 :

Statement of Cash Flows Revisited

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When preparing a reconciliation of net income to cash from operations, an increase in the ending inventory over the beginning inventory will result in an adjustment to reported net income because
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C

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Which of the following is not classified as an operating activity?
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D

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Which of the following transactions would not be reported on the statement of cash flows?
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C

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On a statement of cash flows prepared using the direct method, cash paid for income taxes would be income tax expense minus
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Which of the following causes a change in the amount of cash held by a company?
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Under the direct method, cash paid to suppliers can be computed as cost of goods sold for the period
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Which of the following would appear in both the operating activities section of the direct method format and the reconciliation of earnings to net operating cash flow format?
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Which of the following independent transactions would cause net income to be more than cash from operating activities?
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The statement of cash flows and related disclosures would be of the least assistance in helping a potential investor assess
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Proceeds from the sale of investments in common stock accounted for by the equity method would be classified into which of the following sections of the statement of cash flows?
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Which of the following is not required by generally accepted accounting principles?
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On a statement of cash flows prepared using the direct method, cash from customers would be sales plus a(n)
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Which of the following investments should be classified as cash equivalents for Able Company in preparing the statement of cash flows? img
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In the preparation of a statement of cash flows, adjustments to net income to reconcile net income to cash from operating activities include
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A change in unearned revenue would be classified into which of the following categories for purposes of disclosure in the statement of cash flows?
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A gain on the sale of a plant assets should be included in which of the following sections of a statement of cash flows prepared using the indirect method?
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Which of the following would be reported in the operating, investing, or financing sections of the statement of cash flows prepared under the indirect method?
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Daniels Corporation reports its income from investments under the equity method and recognized income of $15,000 from its investment in Travis Company during the current year. Travis declared no dividends during the current year. On Daniels' statement of cash flows the $15,000 would
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Which of the following is a non-cash transaction that should be disclosed in a schedule accompanying the statement of cash flows?
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Which of the following items involving current trade accounts receivable is most likely to appear in a statement of cash flows?
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