Economics > QUESTIONS & ANSWERS > ECON 101 practice exam questions and answers solution 2020 (All)

ECON 101 practice exam questions and answers solution 2020

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The method of calculating net cash flow from operating activities that result in the presentation of a condensed cash receipts and cash dispursements statement is the • indirect method • reconcili... ation method • direct method • cash flow method c. direct method • The method of calculating net cash flow from operating activities that adjusts net income for items that affected reported net income but not cash is the • indirect method • adjustment method • income statement method • direct method a. indirect method • The reconciliation of net income to net cash flow from operating activities is reported under • the direct method only • the indirect method only • both the direct method and the indirect method • neither the direct method and the indirect method c. both the direct method and the indirect method • All of the following adjustments are added to net income in computing net cash flow from operating activities except • a decrease in accounts receivable • an increase in accounts payable • an increase in prepaid expenses • amortization expense c. an increase in prepaid expenses • All of the following adjustments would be deducted in determining net cash flow from operating activities except • gain on sale of plant assets • amortization of bond premium • decrease in deferred income tax liability • increase in accrued liabilities d. increase in accrued liabilities [Show More]

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