201 FS 4 Financial Elements and Basic Statements--Key

201 FS 4 Financial Elements and Basic Statements--Key - 201...

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201 Financial Elements and Basic Financial Statements 1. A company issued $4 million in 20 year bonds. Where will this transaction appear on the cash flow statement? a. the operating section b. the financing section c. the investing section d. both a and b e. none of the above 2. A company signed a $5 million, 5% 10-year note. Where will this transaction appear on the cash flow statement? a. the operating section b. the financing section c. the investing section d. both a and c e. none of the above 3. Huston Corp paid $3,000,000 for a building in June, 2004. In its December 31, year-end financial statements this cash flow will appear a. in the operating section of the cash flow statement b. in the investing section of the cash flow statement c. in the financing section of the cash flow statement d. in the income statement e. none of the above 4. Hollaback Corporation paid $674,000 for a piece of production equipment. This transaction will appear in the Statement of Cash Flows as a. a financing cash outflow
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This note was uploaded on 03/12/2010 for the course ACCY 201 taught by Professor Susancurtis during the Fall '09 term at University of Illinois, Urbana Champaign.

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201 FS 4 Financial Elements and Basic Statements--Key - 201...

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