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acct1bexam1sample - Name Class Date ID A ACCT1B Managerial...

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Name:________________________ Class:___________________ Date:__________ ID:A 1 ACCT1B-ManagerialAccounting:SampleExam1 MultipleChoice Identifythechoicethatbestcompletesthestatementoranswersthequestion. ____ 1. Whichofthefollowingconceptsofcashis not appropriatetouseinpreparingthestatementofcashflows? a. cash b. cashandmoneymarketfunds c. cashandcashequivalents d. cashandU.S.treasurybonds ____ 2. Onthestatementofcashflows,thecashflowsfromoperatingactivitiessectionwouldinclude: ____ 3. Cashpaidtopurchaselong-terminvestmentswouldbereportedinthestatementofcashflowsin: ____ 4. Astatementofcashflowswould not disclosetheeffectsofwhichofthefollowingtransactions? ____ 5. Whichofthefollowingrepresentsaninflowofcashandthereforewouldbereportedonthestatementofcash flows? a. appropriationofretainedearnings b. acquisitionoftreasurystock c. declarationofstockdividends d. issuanceoflong-termdebt ____ 6. Cashpaidforpreferredstockdividendsshouldbeshownonthestatementofcashflowsunder: ____ 7. Acompanypurchasesequipmentfor$29,000cash. Thistransactionshouldbeshownonthestatementof cashflowsunder:
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Name:________________________ ID:A 2 ____ 8. Depreciationonfactoryequipmentwouldbereportedinthestatementofcashflowspreparedbytheindirect methodin: ____ 9. Whichofthefollowingshouldbedeductedfromnetincomeincalculatingnetcashflowfromoperating activitiesusingtheindirectmethod? a. depreciationexpense b. amortizationofpremiumonbondspayable c. alossonthesaleofequipment d. dividendsdeclaredandpaid ____ 10. Whichofthefollowingbelowincreasescash?
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