ch3a - Question 1 (1 point) Which of the following...

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Question 1 (1 point) Which of the following statements is CORRECT? Student response: Student Response Answer Choices a. The statement of cash flows reflects cash flows from operations, but it does not reflect the effects of buying or selling fixed assets. b. The statement of cash flows shows where the firm's cash is located; indeed, it provides a listing of all banks and brokerage houses where cash is on deposit. c. The statement of cash flows reflects cash flows from continuing operations, but it does not reflect the effects of changes in working capital. d. The statement of cash flows reflects cash flows from operations and from borrowings, but it does not reflect cash obtained by selling new common stock. e. The statement of cash flows shows how much the firm's cash--the total of currency, bank deposits, and short-term liquid securities (or cash equivalents)--increased or decreased during a given year.
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Score: 1 / 1 Question 2 (1 point) Below are the 2005 and 2006 year-end balance sheets for Wolken Enterprises: Assets: 2006 2005 Cash $ 200,000 $ 170,000 Accounts receivable 864,000 700,000 Inventories 2,000,000 1,400,000 Total current assets $ 3,064,000
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$2,270,000 Net fixed assets 6,000,000 5,600,000 Total assets $ 9,064,000 $7,870,000 Liabilities and equity: Accounts payable $ 1,400,000 $1,090,000
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1,600,000 1,800,000 Total current liabilities $ 3,000,000 $2,890,000 Long-term debt
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ch3a - Question 1 (1 point) Which of the following...

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