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20.) The cost of equity is usually reported on the income statement right below interest expense....

20.)

The cost of equity is usually reported on the income statement right below interest expense.

Group of answer choices

True

False

17.)

You can construct a sources and uses statement for 2017 if you have a company’s year-end balance sheets for 2017 and 2018.

Group of answer choices

True

False

13.)

Which one of the following is a use of cash?

A. increase in notes payable

B.

increase in inventory

C. increase in long-term debt

D. decrease in accounts receivable

E. increase in common stock

7.)

An increase in cash and cash equivalents should appear as a source of cash on the sources and uses statement.

Group of answer choices

True

False

6.)

A reduction in long-term debt is a use of cash.

Group of answer choices

True

False

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Answer #1

Question No. (20) - The cost of equity is usually reported on the income statement right below interest expense?

Answer - The given statement is False.

.

Question No. (17) - You can construct a sources and uses statement for 2017 if you have a company’s year-end balance sheets for 2017 and 2018?

Answer - The given statement is False​​​​​​​.

.

Question No. (13) - Which one of the following is a use of cash​​​​​​​?

Answer - (B) - Increase in inventory.

.

Question No. (7) - An increase in cash and cash equivalents should appear as a source of cash on the sources and uses statement?

Answer - The given statement is False​​​​​​​.

.

Question No. (6) - A reduction in long-term debt is a use of cash?

Answer - The given statement is True​​​​​​​.

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