achivmt_test_answer13

achivmt_test_answer13 - 9th Edition Managerial Accounting...

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9th Edition Managerial Accounting Warren/Reeve Chapter Test 13A Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2 1/2%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY— INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amounts in the Answers column. For Answers Scoring 0. The statement that reports a firm’s major cash inflows and outflows for a period is the . ........................................................................................ statement of cash flows 0. ____ 1-2. What are the two alternative methods of reporting operating activities in the statement of cash flows? 1. ................................................................................................................. 1. ____ 2. ................................................................................................................. 2. ____ 3-8. Indicate the section of the statement of cash flows (indirect or direct method) in which each of the following would appear (answer operating activities, investing activities, or financing activities): 3. Amortization of bond discount . ............................................................... 3. ____ 4. Depreciation expense on equipment . ..................................................... 4. ____ 5. Sale of long-term investments . ............................................................... 5. ____ 6. Sale of equipment at book value. ............................................................ 6. ____ 7. Redemption of bonds payable . .............................................................. 7. ____ 8. Sale of patents . ....................................................................................... 8. ____ 9. Cash dividends of $50,000 were declared during the year. Cash dividends payable were $14,000 and $16,000 at the beginning and end of the year, respectively. The amount of cash flows for payment of
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This note was uploaded on 04/27/2008 for the course ACG 2021 taught by Professor Cobb during the Spring '08 term at Saint Petersburg.

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achivmt_test_answer13 - 9th Edition Managerial Accounting...

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