Exam 15: How Well Am I Doing Statement of Cash Flows

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000. -Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

(Multiple Choice)

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Question 41

Recent balance sheets of Warnick Co. appear below, together with an income statement for the latest year. Note: Stock in Bowen Co., held as a long-term investment, was sold for $8,000 cash. Dividends of $10,500 were declared and paid during the year. Required: Prepare a statement of cash flows for Warnick Co. for the year ended May 31, Year2. Use the indirect method.

(Essay)

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Question 42

Burgett Corporation's balance sheet and income statement appear below: Cash dividends were $41. The company sold equipment for $15 that was originally purchased for $4 and that had accumulated depreciation of $4. -The net cash provided by (used by) financing activities for the year was:

(Multiple Choice)

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Question 43

In the preparation of a statement of cash flows, all of the following would be classified as financing activities except:

(Multiple Choice)

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Question 44

Which of the following should be classified as an investing activity on a statement of cash flows?

(Multiple Choice)

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Question 45

Lindgren Corporation's most recent comparative balance sheet appears below: -The net cash provided by (used by) investing activities for the year was:

(Multiple Choice)

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Question 46

Burdic Company's net income last year was $70,000. Changes in the company's balance sheet accounts for the year appear below: The company declared and paid cash dividends of $31,000 last year. Required: a. Construct the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) b. Construct the investing activities section of the company's statement of cash flows for the year. c. Construct the financing activities section of the company's statement of cash flows for the year.

(Essay)

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Question 47

The most recent balance sheet and income statement of Teramoto Corporation appear below: Cash dividends were $18. -The net cash provided by (used by) financing activities for the year was:

(Multiple Choice)

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Question 48

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000. -The total dollar amount of all of the items that would be classified as uses when compiling a simplified statement of cash flows is:

(Multiple Choice)

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Question 49

Veale Corporation's most recent balance sheet appears below: Net income for the year was $107. Cash dividends were $29. -The net cash provided by (used by) financing activities for the year was:

(Multiple Choice)

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Question 50

Foxworthy Corporation's most recent balance sheet appears below: Net income for the year was $79. Cash dividends were $15. The net cash provided by (used by) operations for the year was:

(Multiple Choice)

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Question 51

Hudgens Corporation's most recent balance sheet appears below: The net income for the year was $49. Cash dividends were $10. The net cash provided by (used by) operations for the year was:

(Multiple Choice)

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Question 52

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000. -The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:

(Multiple Choice)

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Question 53

Excerpts from Welshans Corporation's comparative balance sheet appear below: Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

(Multiple Choice)

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Question 54

Ferron Corporation's net cash provided by operating activities was $81; its income taxes were $36; its capital expenditures were $34; and its cash dividends were $15. The company's free cash flow was:

(Multiple Choice)

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Question 55

The statement of cash flows:

(Multiple Choice)

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Question 56

Lindgren Corporation's most recent comparative balance sheet appears below: -No plant and equipment was disposed of during the year. The free cash flow for the year was:

(Multiple Choice)

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Question 57

When computing the net cash provided by operating activities under the indirect method on the statement of cash flows, a decrease in common stock would be added to net income.

(True/False)

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Question 58

Financial statements of Farnham Corporation follow: Cash dividends were $3. -The net cash provided by (used by) investing activities for the year was:

(Multiple Choice)

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Question 59

A newly formed company with enormous growth prospects would be expected to have positive free cash flow during its start-up phase.

(True/False)

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Question 60

Showing 41 - 60 of 103

Exam 15: How Well Am I Doing Statement of Cash Flows

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000. -Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

Burgett Corporation's balance sheet and income statement appear below: Cash dividends were $41. The company sold equipment for $15 that was originally purchased for $4 and that had accumulated depreciation of $4. -The net cash provided by (used by) financing activities for the year was:

In the preparation of a statement of cash flows, all of the following would be classified as financing activities except:

Which of the following should be classified as an investing activity on a statement of cash flows?

Lindgren Corporation's most recent comparative balance sheet appears below: -The net cash provided by (used by) investing activities for the year was:

The most recent balance sheet and income statement of Teramoto Corporation appear below: Cash dividends were $18. -The net cash provided by (used by) financing activities for the year was:

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000. -The total dollar amount of all of the items that would be classified as uses when compiling a simplified statement of cash flows is:

Veale Corporation's most recent balance sheet appears below: Net income for the year was $107. Cash dividends were $29. -The net cash provided by (used by) financing activities for the year was:

Foxworthy Corporation's most recent balance sheet appears below: Net income for the year was $79. Cash dividends were $15. The net cash provided by (used by) operations for the year was:

Hudgens Corporation's most recent balance sheet appears below: The net income for the year was $49. Cash dividends were $10. The net cash provided by (used by) operations for the year was:

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000. -The total dollar amount of all of the items that would be classified as sources when compiling a simplified statement of cash flows is:

Excerpts from Welshans Corporation's comparative balance sheet appear below: Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

Ferron Corporation's net cash provided by operating activities was $81; its income taxes were $36; its capital expenditures were $34; and its cash dividends were $15. The company's free cash flow was:

The statement of cash flows:

Lindgren Corporation's most recent comparative balance sheet appears below: -No plant and equipment was disposed of during the year. The free cash flow for the year was:

When computing the net cash provided by operating activities under the indirect method on the statement of cash flows, a decrease in common stock would be added to net income.

Financial statements of Farnham Corporation follow: Cash dividends were $3. -The net cash provided by (used by) investing activities for the year was:

A newly formed company with enormous growth prospects would be expected to have positive free cash flow during its start-up phase.

Managerial Accounting and the Business Environment

Managerial Accounting and Cost Concepts

Systems Design: Job-Order Costing

Systems Design: Process Costing

Cost Behavior Analysis and Use

Cost-Volume-Profit Relationship

Variable Costing: a Tool for Management

Activity Based Costing: a Tool to Aid Decision-Making

Profit Planning

Flexible Budgets and Performance Analysis

Standard Costs and Operating Performance Measures

Segment Reporting, Decentralization, and the Balanced Scorecard

Relevant Costs for Decision Making

Capital Budgeting Decisions

How Well Am I Doing Financial Statement Analysis

Pricing Products and Services

Profitability Analysis

Further Classification of Labor Costs

Cost of Quality

the Predetermined Overhead Rate and Capacity

Fifo Method

Service Department Allocations

Least-Squares Regression Computations

Abc Action Analysis

Using a Modified Form of Activity-Based Costing to

Predetermined Overhead Rates and Overhead Analysis

Journal Entries to Record Variances

Transfer Pricing

Service Department Charges

The Concept of Present Value

Income Taxes in Capital Budgeting Decisions

The Direct Method of Determining the Net Cash Provided by

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