1. In calculating working capital, which of the following accounts will have an impact? a) Inventory...
1. In calculating working capital, which of the following accounts will have an impact?
a) Inventory
b) Treasury stock
c) Equipment
d) Bonds payable
2. Cash flows from financing activities do not include...
a) proceeds from issuing bonds
b) payment of dividends
c) proceeds from issuing common stocks
d) receipt of dividends
3. If an investor is analyzing the financial statements of a corporation, in which section of the income statement or balance sheet should they look for cash?
a) asset section
b) other income and other expense section
c) equity section
d) gross profit section
Homework Answers
1. a) Inventory (Inventory affects working capital as it is a liquid asset and forms part of working capital of a compay)
2. d) Receipts of dividends (This is found in cash flows from investing activities)
3. a) asset section (Cash is an asset, hence would be found under current assets in asset section.)
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