Correct answer a Your answer On the statement of cash flows prepared by the

Correct answer a your answer on the statement of cash

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9.Correct answer:aYour answer:On the statement of cash flows prepared by the indirect method, the cash flows from operating activities section would include a. amortization of premium on bonds payable b. payments for cash dividends c. receipts from the issuance of capital stock d. receipts from the sale of investments 10.Correct answer:aYour answer:Cash receipts received from the issuance of a mortgage notes payable would be classified as 11.Correct answer:bYour answer:Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in
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12.Correct answer:bYour answer:Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? 13.Correct answer:dYour answer:Which one of the following below should be added to net income in calculating net cash flow from operating activities using the indirect method? a. dividends paid on common stock b. a gain on the sale of land c. a decrease in accounts payable d. an increase in accrued liabilities 14.Correct answer:dYour answer:
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Accounts receivable from sales transactions were $44,000 at the beginning of the year and $53,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is
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