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Which of the following activities increase and

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36.Which of the following activities increase and decrease the long-term assets available to acompany?a.investing activitiesb. financing activitiesc.operating activitiesd. warehousing activities(moderate, L.O. 2, a)
37.Cash received from customers would be reported on the statement of cash flows under:
38.Interest paid on debt would be reported on a statement of cash flows under the:
39.The purchase of available-for-sale securities would be reported on a statement of cash flowsunder the:
40.The purchase of land by the issuance of common stock would be reported on a statement of cashflows under the:a.investing activitiesb. financing activitiesc.operating activitiesd.in the schedule of noncash investing and financing activities(moderate, L.O. 2, d)
41.The declaration of dividends by the board of directors would be reported on a statement of cashflows as a:
42.Which of the following would never appear on a direct method statement of cash flows?
(moderate, L.O. 3, a)43.Jamo Enterprises uses the direct method when preparing its statement of cash flows. Jamo soldequipment with a book value of $22,000 at a gain of $4,000. The amount to be reported on thestatement of cash flows under ―proceeds from the sale of plant assets‖ is:
44.Del Rio Corporation uses the direct method when preparing its statement of cash flows. Del Riosold equipment with a book value of $13,000 at a loss of $2,000. The amount to be reported onthe statement of cash flows under ―proceeds from the sale of plant assets‖ is:a.$2,000b. $11,000c.$13,000d. $15,000
(difficult, L.O. 3, b)

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Term
Spring
Professor
AlyssaGonnerman
Tags
Financial Accounting, Balance Sheet, Cash Flow Statement, Corporate Finance, Generally Accepted Accounting Principles, L O

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