Question

33. Each of the following is a form of ownership of an organization except a. Manufacturing b. C-Corporation c. S-Corporation d. Partnership e, Sole Proprietrorship 34. A stock dividend can be declared or issued a. only if there is sufficient cash. b done so that cash is kept internally 35. The statement of cash flows is: a. a required general purpose report b an optional financial statement c. a supplement to the balance sheet 36. The declaration and issuance of a stock dividend: is shown on the cash flow statement would not be reported on the statement of cash flow. 37. If $1,000,000 of bonds payable are sold at 99: a. $1,000,000 would be reported in the cash flows from financing activities section of the statement of cash flows. b. $990,000 would be reported in the cash flows from investing activities section of the statement of cash flows c. $990,000 would be reported in the cash flows from financing activities section of the cash flows statement 38. If cash dividends of S20,000 were declared during the year and the decrease in dividends payable from the beginning to the end of the year was $2,500, the statement of cash flows would report a: a. $17,500 cash outflow in the financing activities section. b. $20,000 cash outflow in the financing activities section. c. $22,500 cash outflow in the financing activities section. Factors which reflect the ability of a business to earn a reasonable amount of income are referred to as: 39. a. solvency b. stability c. profitability 40. Capital expenditures are costs that are charged to: a. stockholders' equity accounts b. current asset accounts c. non-current asset accounts d. liability accounts

Answer 1

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