ADMS
2500quizch12.docx

80850 16880 15550 none of the other alternatives are

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($80,850) ($16,880) ($15,550) None of the other alternatives are correct ($87,180) The total amount of Cash Receipts from Customers when using the direct method is: $5,550 ? None of the other alternatives are correct $5,000? More than $5,600 $4,450 Indicate in which of the three categories Cash receipts from customers should appear and whetherit is an inflow or an outflow of cash: Investing outflow Operating inflow Financing outflow None of the other alternatives are correct Financing inflow Which of the following is reported in the Investing activities section when using the indirect method is? Cash inflow for purchase of a new machine for $1,200 None of the other alternatives are correct Cash outflow for the loss on the sale of a machine for $20 Cash outflow for the interests paid for $110 Cash outflow for the issuance of notes payables for $230 ? What is the total Cash payments to suppliers when the direct method is used to prepare the cash flow statement? ($250,100) ? None of the other alternatives are correct
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($214,020) ($286,380)? ($280,050) What is the Accumulated Depreciation of the machinery sold when the indirect method to prepare cash flow statements is use? None of the other alternatives are correct ($8,000) $16,000 $2,000 ? $10,000 How much was the total cash receipts from operating activities for 20X5 as it appears on the cash flow statement when using the direct method? $650,000 $700,000 $674,000 None of the other alternatives are correct $696,000 ? What is the Net Cash used by financing activities when the indirect method to prepare cash flow statements is use? ($5,000) ($15,000) ($9,000) None of the other alternatives are correct ($17,000) What is the Net cash used by Investing activities when the indirect cash flow method is used? $ 3,500 None of the other alternatives are correct $ 0 ? $ (2,910)? $ (3,170) Indicate in which of the three categories Acquisition of plant assets for cash should appear and whetherit is an inflow or an outflow of cash: Financing outflow Operating inflow None of the other alternatives are correct Financing inflow Investing outflow
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Long term notes payable were issued What is the adjustment in Income Tax payable to reconcile profit when using the indirect method is? No change Cash inflow for $120 ? Income tax expense and payable are not reported in the cash flow statement ? None of the other alternatives are correct Cash outflow for $120 By how much has the changes in Working Capital generated or (used) cash when the indirect method to prepare cash flow statements is use? None of the other alternatives are correct $31,800 ? ($35,500) ($28,800) ($60,600) The Cash Flow statement: represents a proof of cash (shows the opening and closing balance and how the company goes from one to the other) suffers from the deficiency that it does not reconcile to the net income of the company none of the above must be the first statement completed when preparing the financial statement can only be prepared if the cash paradigm is followed What is the Net Cash used by financing activities when the indirect cash flow method is used?
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