A company issues common stock for 100000 on a

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College Accounting, Chapters 1-27
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Chapter 5 / Exercise 5
College Accounting, Chapters 1-27
Heintz/Parry
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15) A company issues common stock for $100,000. On a statement of cash flows, this will be reported as a(n):A) financing cash flow.B) investing cash flow.C) operating cash flow.D) noncash activity.Answer:
A16) A company's interest expense for the period is reported on the:
B17) The CORRECT data flow from one financial statement to the next is:
D18) If an investor wants to know a company's cash balance at the end of the year, this balance is reported on the:
D19) Cash dividends declared:A) decrease revenue on the income statement.B) decrease retained earnings on the statement of retained earnings.C) increase expenses on the income statement.D) decrease operating activities on the statement of cash flows.Answer:
B20) When analyzing a company's income statement, a fact to remember is that:
B21) An investor wishing to assess the reasons for a change in retained earnings over a period of a year would probably examine the:
2TEST BANKFinancial Accounting, 10e(Harrison/Horngren/Thomas)
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College Accounting, Chapters 1-27
The document you are viewing contains questions related to this textbook.
Chapter 5 / Exercise 5
College Accounting, Chapters 1-27
Heintz/Parry
Expert Verified
D22) A potential investor interested in predicting the earnings of a company in the future should examine the:
B23) Which statement(s) reports the revenues, gains, expenses, and losses of an entity?A) Balance sheetB) Statement of cash flows and income statementC) Statement of retained earnings and statement of operationsD) Income statementAnswer:
D

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