Accounting 2037 Mizzou Exam 3 Test
Questions and Verified Answers
100% Guarantee Pass
1. What three accounts are affected when a company issues shares of stock?
Answer: -
Cash (+), Common Stock (+) Additional Paid in Capital (+)
2. What accounts are affected when a company reacquires shares of its own
stock?
Answer: Cash (-) Treasury Stock (+)
3. Cash Flows Statement broken down into what three sections?
Answer: Cash Flows from operating activities, investing, and financing
4. Cash flows From operating Activities includes
Answer: 1.Net income,
2. adjustments for ditterences between net income and cash from operating activities,
3. Add Depreciation expense, decrease in accounts receivable.
Questions and Verified Answers
100% Guarantee Pass
1. What three accounts are affected when a company issues shares of stock?
Answer: -
Cash (+), Common Stock (+) Additional Paid in Capital (+)
2. What accounts are affected when a company reacquires shares of its own
stock?
Answer: Cash (-) Treasury Stock (+)
3. Cash Flows Statement broken down into what three sections?
Answer: Cash Flows from operating activities, investing, and financing
4. Cash flows From operating Activities includes
Answer: 1.Net income,
2. adjustments for ditterences between net income and cash from operating activities,
3. Add Depreciation expense, decrease in accounts receivable.
