Multiple Choice
Which of the following would cause a decrease in cash?
A) Lengthening the time it takes to collect receivables from 15 to 30 days
B) Selling fixed assets for more than book value
C) An increase in accrued salaries expense
D) Paying suppliers in 60 days versus 45 days
Correct Answer:
Verified
Correct Answer:
Verified
Q101: EBIT is also called:<br>A)net profit.<br>B)operating profit.<br>C)pretax profit.<br>D)gross
Q102: In most companies, the bulk of accounts
Q103: Wealth Taxes are levied by cities and
Q104: Preferred stock is referred to as a
Q105: Uncollected receivables are normally:<br>A)depreciated.<br>B)expensed.<br>C)not reported.<br>D)written off.
Q107: Match the following:
Q108: A company has a loss of $15,000
Q109: A decrease in financial leverage results in
Q110: The accounts receivable balance can be misleading
Q111: Which of the following causes accounting profit