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The two different types of methods for reporting the cash flows from operating activities section are: a. the direct method and the net cash flow method.
b. the indirect method and the net cash flow method. 1 c. the direct method and the indirect method.
status: incorrect (0.0) correct: c your answer: a feedback: Incorrect. See page 712 An example of a cash flow from investing activities is: a. receipt of cash from the sale of land.
b. receipt of cash received from the issue of bonds. 2 c. deduction of depreciation expense.
status: incorrect (0.0) correct: a your answer: c feedback: Incorrect. See page 714 An example of a cash flow from financing activities is: a. receipt of cash from the sale of land.
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status: incorrect (0.0) correct: b your answer: a feedback: Incorrect. See page 714 Which one of the following would be deducted from net income in determining net cash flows from operating activities by the indirect method? a. Depreciation expense.
status: incorrect (0.0) correct: d your answer: a feedback: Incorrect. See pages 717-718 Which one of the following would be added to net income in determining net cash flows from operating activities by the indirect method? a. Depreciation expense.
status: incorrect (0.0) correct: a your answer: b feedback: Incorrect. See pages 717-718 Which one of the following would be added to net income in determining net cash flows from operating activities by the indirect method? a. Increase in accounts receivable.
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status: incorrect (0.0) correct: b your answer: a feedback: Incorrect. See pages 717-718 The formula to calculate free cash flow is: a. Cash flow from financing activities - Cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period - Cash used for dividends. b. Cash flow from investing activities - Cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period - Cash used for dividends. c. Cash flow from operating activities - Cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period. d. Cash flow from operating activities + Cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period. status: incorrect (0.0) correct: c your answer: b feedback: Incorrect. See page 730 The cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $15,500 at the beginning and end of the year respectively. Accounts payable were $10,000 and $9,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total: a. $54,000.
b. $50,000.
c. $49,000.
d. $53,000.
status: incorrect (0.0) correct: a your answer: d feedback: Incorrect. See page 727 Sales for the year were $750,000. Trade receivables were $40,000 and $50,000 at the beginning and end of the year, respectively. Cash received from customers to be reported on the cash flow statement using the direct method is: a. $700,000.
b. $710,000. 9 c. $740,000.
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d. $760,000.
status: incorrect (0.0) correct: c your answer: b feedback: Incorrect. See page 726 Income tax was $150,000 for the year. Income tax payable was $20,000 and $30,000 at the beginning and end of the year, respectively. Cash payment for income tax reported on the cash flow statement using the direct method is: a. $140,000.
b. $150,000. 10 c. $170,000.
d. $180,000.
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