Chapter 16 and 17 quiz

Chapter 16 and 17 quiz - Review Assessment: Quiz #4 Chap 16...

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Review Assessment: Quiz #4 Chap 16 & 17 Janice Thomas 9/6/09 7:04 PM Quiz #4 Chap 16 & 17 Completed 16 out of 20 points 0 hours, 42 minutes, and 17 seconds out of 0 hours and 45 minutes allow Questio n 1 1 out of 1 points A measure used in evaluating the efficiency in collecting receivables is: Selected Answer: Feedback : Correct. The number of days' sales in receivables is a measure of the efficiency in collecting receivables. Questio n 2 0 out of 1 points A loss on the sale of land is reflected on the statement of cash flows by: Selected Answer:
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Questio n 3 1 out of 1 points Selected Answer: Feedback : Correct. $4,000,000 / [$250,000 + $345,000) / 2] Questio n 4 1 out of 1 points Which of the following sections of corporate annual reports normally includes a statement concerning future prospects and risks? Selected Answer: Feedback : Correct. The management discussion and analysis provides an in-depth discussion of prior results and statements regarding future prospects and business risks. Questio n 5 1 out of 1 points Cash payments for income taxes are included on the statement of cash flows as: Selected Answer: Feedback : Correct. The cash paid for income taxes is part of the cash flow from operating activities under the direct method.
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Questio n 6 1 out of 1 points
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Chapter 16 and 17 quiz - Review Assessment: Quiz #4 Chap 16...

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