Multiple Choice
What effect does this journal entry have on cash flows?
Dr Depreciation expense $88 200
Cr Accumulated depreciation $88 200
A) Increase outflows
B) Decrease outflows
C) No effect on outflows or inflows
D) Decrease inflows
Correct Answer:

Verified
Correct Answer:
Verified
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3115/.jpg" alt=" A) $89 000.
Q8: Which statement is untrue?<br>A) The statement of
Q9: If cost of sales is $500 000,
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3115/.jpg" alt=" A) $12 000
Q11: How many of these are non-cash transactions?<br><font
Q13: From the following information, determine the amount
Q14: Which of the following is not classified
Q15: The statement of profit or loss of
Q16: Assume tax is paid annually in a
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3115/.jpg" alt=" A) Carrying value