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Quiz 6 - Question 1 A minority active investment is...

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Question 1 0 out of 1 points A minority active investment is accounted for by the mark-to-market method. Selected Answer: True Question 2 1 out of 1 points An increase in inventory of $7,000 for the year Selected Answer: decreases cash flow from operations by $7,000. Question 3 1 out of 1 points An increase in accounts payable of $6,000 for the year increases cash flow from operations by $6,000. Selected Answer: True Question 4 0 out of 1 points A decrease in prepaid expenses of $8,000 for the year
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Selected Answer: decreases cash flow from operations by $8,000. Question 5 1 out of 1 points Cash flows arising from the acquisitions and divestitures of other companies are cash flows from Selected Answer: investing activities. Question 6 1 out of 1 points When the ownership percentage of stock exceeds 20 percent, GAAP presumes that the investor is able to exert significant influence over the investee company. Selected Answer: True Question 7 0 out of 1 points
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