Homework Answers
as per HomeworkLib policy .. please find below the answer of 1st 4 question for rest of question please raise new request..
| Ans 5 | ||||||||
| a) | Short-term | |||||||
| b) | Significant | |||||||
| c) | Controlling | |||||||
| d) | Long term | |||||||
| Ans 6 | correct answer is option - | |||||||
| b) Summarizes the operating financing and investing activities of an entity | ||||||||
| Ans 7 | correct answer is option - | |||||||
| C) provide information about the cash receipt and cash payment during the period. | ||||||||
| Ans 8 | correct answer is option - | |||||||
| a) May still have a net increase in cash | ||||||||
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5) Which of the following is the correct matching concerning an investor's influence on the operations...
Question 6 If the cost method is used to account for a long-term investment in common...
Question 6 If the cost method is used to account for a long-term investment in common stock, dividends received should be credited to the Dividend Revenue account. debited to the Stock Investments account. recorded only when 20% or more of the stock is owned. credited to the Stock Investments account. Question 7 If 10% of the common stock of an investee company is purchased as a long-term investment, the appropriate method of accounting for the investment is determined by agreement...
Which of the following statements are correct (Select all that apply): Select one or more: A....
Which of the following statements are correct (Select all that apply): Select one or more: A. A balance sheet reports on investing and financing activities. B. An income statement reports on financing activities. C. The statement of equity reports on changes in the accounts that make up equity. D. The statement of cash flows reports on cash flows from operating, investing, and financing activities over a period of time. E. A balance sheet reports on a company's assets and liabilities...
7. Which of the following would be classified as a financing activity on a statement of...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
please correct 5. A company began a year with Cash of SK. These items increased by...
please correct
5. A company began a year with Cash of SK. These items increased by the amounts displayed during the calendar year: Inventories, S72; Accumulated depreciation, $20: Accounts receivable, $8, Accounts payable, $2; Notes payable, $8; purchases of Fixed assets, $80; Common stock, $25. Net income is $34. There were no changes in long-term debt and no earnings were distributed to stockholders. Complete the following Statement of Cash Flows: Cash Flows from Operating Activities Net income 34 Depreciation 10...
Which of the following is a noncash investing and financing activity? payment of a cash dividend...
Which of the following is a noncash investing and financing activity? payment of a cash dividend payment of a six-month note payable purchase of merchandise inventory on account d i nce of common stock to acquire Land 10. A company purchases equipement for $32,000 cash. This transaction should be shown on the statement of cash flows under a investing activities h financing activities C oncach investing and financing activities d. operating activities 11. Cash flow per share is a required...
The current period statement of cash flows includes the following: Cash balance at the beginning of...
The current period statement of cash flows includes the following: Cash balance at the beginning of the period $457,504 Net cash flow from operating activities 181,754 Net cash flow used for investing activities 49,950 Net cash flow used for financing activities 102,883 The cash balance at the end of the period is a. $486,425 b. $792,091 c. $536,375 O d. $304,671 The current period statement of cash flows includes the following: Cash balance at the beginning of the period $457,504...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an additi...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
Complete the following using the information from the Study Questions and Problems at the end of...
Complete the following using the information from the
Study Questions and Problems at the end of Chapter 4, on pages 191
- 192, as indicated below:
Question 4.5 - Using the information in the
problem on pages 191 - 192, you will provide whether the items
listed in (a) through (l) are included in investing or financing
activities
Question 4.6 - Using the information in the
problem on page 192, you will provide whether the current assets
and liabilities listed...
Which of the following is NOT a requirement for a statement that reports changes in cash...
Which of the following is NOT a requirement for a statement that reports changes in cash over a period of time? a Non-cash transactions, such as investing and financing transactions that do not require the use of cash or cash equivalents, are included in the statement of cash flows as well. b The period in which the statement of cash flows is prepared must be provided in the title of the statement c The statement must classify cash flows into...
Which of the following statements is correct with respect to the Statement of Cash Flow for...
Which of the following statements is correct with respect to the Statement of Cash Flow for a Proprietary Fund on the CAFR? Multiple Choice GASB permits the statement to be prepared using the indirect method The reconciliation of income to cash flows begins with total change in net position Non-cash investing and financing transactions are not reported in the statement. The statement has four sections: Operating, Noncapital-related financing activities, Capital and related financing and Investing activities
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
please correct
5. A company began a year with Cash of SK. These items increased by the amounts displayed during the calendar year: Inventories, S72; Accumulated depreciation, $20: Accounts receivable, $8, Accounts payable, $2; Notes payable, $8; purchases of Fixed assets, $80; Common stock, $25. Net income is $34. There were no changes in long-term debt and no earnings were distributed to stockholders. Complete the following Statement of Cash Flows: Cash Flows from Operating Activities Net income 34 Depreciation 10...
Which of the following is a noncash investing and financing activity? payment of a cash dividend payment of a six-month note payable purchase of merchandise inventory on account d i nce of common stock to acquire Land 10. A company purchases equipement for $32,000 cash. This transaction should be shown on the statement of cash flows under a investing activities h financing activities C oncach investing and financing activities d. operating activities 11. Cash flow per share is a required...
The current period statement of cash flows includes the following: Cash balance at the beginning of the period $457,504 Net cash flow from operating activities 181,754 Net cash flow used for investing activities 49,950 Net cash flow used for financing activities 102,883 The cash balance at the end of the period is a. $486,425 b. $792,091 c. $536,375 O d. $304,671 The current period statement of cash flows includes the following: Cash balance at the beginning of the period $457,504...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
Complete the following using the information from the
Study Questions and Problems at the end of Chapter 4, on pages 191
- 192, as indicated below:
Question 4.5 - Using the information in the
problem on pages 191 - 192, you will provide whether the items
listed in (a) through (l) are included in investing or financing
activities
Question 4.6 - Using the information in the
problem on page 192, you will provide whether the current assets
and liabilities listed...
Which of the following statements is correct with respect to the Statement of Cash Flow for a Proprietary Fund on the CAFR? Multiple Choice GASB permits the statement to be prepared using the indirect method The reconciliation of income to cash flows begins with total change in net position Non-cash investing and financing transactions are not reported in the statement. The statement has four sections: Operating, Noncapital-related financing activities, Capital and related financing and Investing activities
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