Workshop 2 - Quiz 2

Workshop 2 - Quiz 2 - Grade Delivery Points Awarded Points...

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Points Awarded 95.00 Points Missed 5.00 Percentage 95.0% 1. The primary purpose of the statement of cash flows is to A) provide information about the investing and financing activities during a period. B) prove that revenues exceed expenses if there is a net income. C) provide information about the cash receipts and cash payments during a period. D) facilitate banking relationships. Points Earned: 5.0/5.0 Correct Answer(s): C 2. The order of presentation of activities on the statement of cash flows is A) operating, investing, and financing. B) operating, financing, and investing. C) financing, operating, and investing. D) financing, investing, and operating. Points Earned: 5.0/5.0 Correct Answer(s): A 3. Financing activities involve A) lending money. B) acquiring investments. C) issuing debt. D) acquiring long-lived assets. Points Earned: 5.0/5.0 Correct Answer(s): C 4. Each of the following is an example of a significant noncash activity except A) conversion of bonds into common stock. B) exchanges of plant assets. C) issuance of debt to purchase assets. D) stock dividends. Points Earned: 5.0/5.0 Correct Answer(s): D Page 1 of 5 Grade Delivery 11/8/2009 https://lms.bvu.edu/Section/Assessment/Question/GradeDelivery.aspx?entryId=724ad5894. ..
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5. Wilton Company reported net income of $40,000 for the year. During the year, accounts receivable decreased by $7,000, accounts payable increased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is A) $30,000. B) $55,000.
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This note was uploaded on 09/24/2011 for the course MGMT 201 taught by Professor Parkin during the Fall '10 term at Buena Vista.

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Workshop 2 - Quiz 2 - Grade Delivery Points Awarded Points...

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