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Unformatted text preview: Question 1 (1 point) A company's net income and operating cash flow are _______ equal. Student response: Student Response Answer Choices a. never b. seldom c. approximately d. always Score: 1 / 1 Question 2 (1 point) Which of the following situations would best indicate strong company performance? operating cash flow; investing cash flow Student response: Student Response Score: 1 / 1 Question 3 (1 point) Dairy Delights reported the following information for its most recent fiscal year. Accounts payable increased $3,900; inventory decreased $2,700; net income was $6,600; and depreciation expense was $1,500. On the statement of cash flows, net cash flow from operating activities should be reported as Student response: Student Response Score: 0 / 1 Question 4 (1 point) Which of the following sections of the cash flow statement differs between the direct and indirect formats? Which of the following sections of the cash flow statement differs between the direct and indirect formats?...
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This note was uploaded on 04/29/2010 for the course ACCT 5031 taught by Professor Rusth during the Fall '09 term at University of Houston.
- Fall '09