Accounting > QUESTIONS & ANSWERS > University of Louisiana, Lafayette ACCT 526 / ACCT526 Quiz 7 (All)

University of Louisiana, Lafayette ACCT 526 / ACCT526 Quiz 7

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ACCT526-820_020-201840 Started on Monday, 23 April 2018, 8:48 PM State Finished Completed on Monday, 23 April 2018, 8:50 PM Time taken 2 mins 2 secs Grade 10.00 out of 10.00 (100%) Question 1 C... orrect Mark 1.00 out of 1.00 Flag question Question text The three types of activities on the statement of cash flows are: Select one: a. operating, investing and free flow b. operating, indirect and direct c. investing, operating and financing d. operating, investing and financing Feedback Your answer is correct. The correct answer is: operating, investing and financing Question 2 Correct Mark 1.00 out of 1.00 This study source was downloaded by 100000831988016 from CourseHero.com on 03-21-2022 13:24:46 GMT -05:00 https://www.coursehero.com/file/30550762/ACCT-526-Quiz-7docx/ Flag question Question text Positive signs of a successful company as seen on the statement of cash flows do NOT include: Select one: a. investments in property, plant and equipment b. operating activities are the largest source of cash c. banks are willing to lend money to the company d. the sale of a majority of a company's plant assets Feedback Your answer is correct. The correct answer is: the sale of a majority of a company's plant assets Question 3 Correct Mark 1.00 out of 1.00 Flag question Question text Under the indirect method of preparing the statement of cash flows, the starting point to determine Net cash provided by operating activities is: Select one: a. net income b. sales This study source was downloaded by 100000831988016 from CourseHero.com on 03-21-2022 13:24:46 GMT -05:00 https://www.coursehero.com/file/30550762/ACCT-526-Quiz-7docx/ c. the ending cash balance d. the beginning cash balance Feedback Your answer is correct. The correct answer is: net income Question 4 Correct Mark 1.00 out of 1.00 Flag question Question text Under the indirect method of preparing the statement of cash flows, a gain on the sale of equipment is: Select one: a. ignored since this transaction does not affect cash b. subtracted from net income in the operating activities section c. subtracted from the book value of the equipment in the financing activities section d. added to net income in the operating activities section Feedback Your answer is correct. The correct answer is: subtracted from net income in the operating activities section [Show More]

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