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Question A the current exchange rate of $1.40 per British pound, a one-day pass to Worldwide Theme Park of 13 Florida sells for 45 pounds at travel agencies throughout Great Britain. If the exchange rate increases to $1.70 per pound, what will happen to the price of a one-day pass sold in Great Britain? Select one: O a. The price will be unchanged. O b. The price will fall to 37 pounds. O c. The price will increase to 54 pounds. O d. The price will fall by 12 pounds. Not yet answered Marked out of 1 Flag question
Question A cash dividend paid to shareholders is reported on the: 14 Not yet answered a. Balance sheet. Marked out of 1Ob. Income statement. Select one: Flag question c. Financing activities section of the statement of cash flows. O d. Operating activities section of the statement of cash flows
Question 15 Astatement of cash flows is NOT intended to assist investors in evaluating: Select one: Not yet answered . a. Non-cash aspects of investing and financing activities. Marked out of 1 b. The companys ability to meet its obligations and to pay dividends. O c. The profitability of business operations. O d. Reasons for differences between the amount of net income and net cash flow from operations. Flag question
Question Dividends become a liability of a corporation: 16 Not yet answered a. On the date of record. Select one: Marked out of 1 b. When cumulative preferred stock dividends are in arrears. PFlag question c. On the date payment is to be made. O d. On the date the board of directors declares the dividend.
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13. The price will fall to 37 Pounds. The calculation is as follows 45 pounds x $1.40/$1.70 So Option b is Correct. 37 Pounds 14. Cash Dividends paid to Shareholders is reported on the Financing Activities section of the Statement of Cash flow So Option c is Correct. 15. A Statement of Cash flows is NOT intended to assist investors in evaluating the profitability of Business operations. So Option c is Correct. 16. Dividends become a liability of a corporation on the date the board of directors declares the dividend. So Option d is Correct.

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