Email Id : support@studentehelp.com

Join the largest growing online portal for ACC 206 Week 9 Quiz Chapter 17 help. Get the best help available online to the course (University of Phoenix) and score the highest grades in discussion questions. We bring best answer to you to solve your all related problems. It’s never too late to make your grades better so get connect with StudentEHelp to score good marks in exam. We specialize in providing you with the best sources for completing the individual assignment and entire classes..

ACC 206 Week 9 Quiz Chapter 17

ACC 206 Week 9 Quiz Chapter 17
ACC 206 Week 9 Quiz Chapter 17 -

Multiple Choice Question 70

Accounts receivable arising from sales to customers amounted to $86,000 and $77,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $290,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

  • $280,000.
  • $290,000.
  • $299,000.
  • $213,000.

 

Multiple Choice Question 73             

Adama Company reported a net loss of $6,000 for the year ended December 31, 2014. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2014, operating activities

  • used net cash of $29,000.
  • provided net cash of $24,000.
  • used net cash of $17,000.
  • provided net cash of $21,000.

 

Multiple Choice Question 74             

The net income reported on the income statement for the current year was $220,000. Depreciation recorded on plant assets was $35,000. Accounts receivable and inventories increased by $2,000 and $8,000, respectively. Prepaid expenses and accounts payable decreased by $2,000 and $12,000 respectively. How much cash was provided by operating activities?

  • $200,000
  • $235,000
  • $220,000
  • $255,000

 

Multiple Choice Question 122           

During 2014, Harvey Industries reported cash provided by operations of $670,000, cash used in investing of $1,039,000, and cash used in financing of $145,000. In addition, cash spent for fixed assets during the period was $404,000. No dividends were paid. Based on this information, what was Harvey's free cash flow?

  • ($369,000)
  • $266,000
  • ($918,000)
  • $1,450,000

 

Multiple Choice Question 107         

The following data are available for Sampson Corporation.

Net income                                         $200,000

Depreciation expense                        60,000

Dividends paid                                   90,000

Loss on sale of land                           15,000

Decrease in accounts receivable       30,000

Decrease in accounts payable           45,000

Net cash provided by operating activities is:

  • $260,000.
  • $160,000.
  • $240,000.
  • $140,000.

 

Multiple Choice Question 42             

In addition to the three basic financial statements, which of the following is also a required financial statement?

  • the Statement of Cash Inflows and Outflows
  • the "Cash Reconciliation"
  • the "Cash Budget"
  • the Statement of Cash Flows

Multiple Choice Question 50

Financing activities involve

  • issuing debt.
  • acquiring long-lived assets.
  • acquiring investments.
  • lending money.

 

Multiple Choice Question 96             

Which of the following adjustments to convert net income to net cash provided by operating activities is correct?

                                    Add to Net Income    Deduct from Net Income

  • Accounts Receivable              increase                       decrease
  • Inventory                                decrease                      increase
  • Prepaid Expenses                    increase                       decrease
  • Taxes Payable                         decrease                      increase

 

 

Multiple Choice Question 114

To determine the net cash provided (used) by operating activities, it is necessary to analyze

  • the current year's income statement.
  • additional information.
  • a comparative balance sheet.
  • all of these.

 

Multiple Choice Question 95

In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a(n)

  • subtraction from net income.
  • addition to net income.
  • subtraction from cash flow from investing activities.
  • addition to cash flow from investing activities.

 

Total Reviews(0)

Most Popular Assignments And Final Exams for ACC 206

ACC 206 Week 8 Business Formation
ACC 206 Week 8 Business Formation
Rating: A+ Purchased: 37 Times

$7.99

ACC 206 Week 11 Quiz Chapter 19
ACC 206 Week 11 Quiz Chapter 19
Rating: A+ Purchased: 37 Times

$7.99

ACC 206 Week 10 Quiz Chapter 18
ACC 206 Week 10 Quiz Chapter 18
Rating: A+ Purchased: 35 Times

$7.99

ACC 206 Week 10 Homework Chapter 19
ACC 206 Week 10 Homework Chapter 19
Rating: A+ Purchased: 33 Times

$7.99

ACC 206 Week 10 Discussion
ACC 206 Week 10 Discussion
Rating: A Purchased: 31 Times

$1.49

ACC 206 Week 9 Homework Chapter 18
ACC 206 Week 9 Homework Chapter 18
Rating: A+ Purchased: 32 Times

$7.99

ACC 206 Week 8 Quiz Chapter 16
ACC 206 Week 8 Quiz Chapter 16
Rating: A+ Purchased: 35 Times

$7.99

ACC 206 Week 8 Homework Chapter 17
ACC 206 Week 8 Homework Chapter 17
Rating: A+ Purchased: 34 Times

$7.99