ACCT 105 Week 1 Quiz_1.docx - ACCT 105 Week 1 Quiz Question...

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ACCT 105 Week 1 Quiz Question 1 10 / 10 points The statement of cash flows shows cash inflows and cash outflows from (select the false statement): Question options: Operating activities. Investing activities. ***Intangible activities. Financing activities.
Question2 The equity ratio is equal to stockholders' equity divided by total assets.
Question3 Each partner may be held liable for the actions of other partners when they are acting within the scope of the business.
Question4 The payment of business debts:
Question5 The return of defective equipment to the supplier before it is paid for would: Question options: Increase an asset and increase stockholders' equity. ***Decrease an asset and decrease a liability. Increase an asset and increase a liability. Increase one asset and decrease another asset.

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