Chapter 17 - Chapter 17 1 Which of the following items is...

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Chapter 17 1. Which of the following items is not generally used in preparing the statement of cash flows? Student Response Value Correct Answer Feedback 1. Comparative balance sheets. 2. Additional information. 3. Current income statement. 4. Adjusted trial balance. 100% Score: 2/2 2. The statement of cash flows will not report the Student Response Value Correct Answer Feedback 1. change in the cash balance for the current period. 2. uses of cash in the current period. 3. amount of checks outstanding at the end of the period. 100% 4. sources of cash in the current period. Score: 2/2
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3. The order of presentation of activities on the statement of cash flows is Student Response Value Correct Answer Feedback 1. operating, financing, and investing. 2. operating, investing, and financing. 100% 3. investing, financing, and operating. 4. financing, operating, and investing. Score: 2/2 4. Cash receipts for interest and dividends are classified as Student Response Value Correct Answer Feedback 1. either financing or investing activities. 2. financing activities. 3. investing activities. 4. operating activities. 100% Score: 2/2 5.
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Starting with net income and adjusting it for items that affected reported net income but which did not affect cash is called the Student Response Value Correct Answer Feedback 1. direct method. 2. cost-benefit
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Chapter 17 - Chapter 17 1 Which of the following items is...

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