Act105 week 5.3 Review Exam 2023 Questions and Answers (100% Correct)
Question 1 of 10 10.0/ 10.0 Points Depreciation provides cash for replacing plant assets; and this is the reason depreciation is shown as an inflow of cash on the statement of cash flows. A. True B. False Answer Key: False Question 2 of 10 10.0/ 10.0 Points Cash received from the issuance of long-term debt is a financing activity. A. True B. False Answer Key: True Question 3 of 10 10.0/ 10.0 Points When net income is used as a starting point in measuring cash flows from operating activities, there is no need to add depreciation expense to net income. A. True B. False Answer Key: False Question 4 of 10 0.0/ 10.0 Points If capital stock is split three for one, this transaction is reported on a statement of cash flows.
École, étude et sujet
- Établissement
-
American Public University
- Cours
-
ACCT 105
Infos sur le Document
- Publié le
- 23 janvier 2024
- Nombre de pages
- 4
- Écrit en
- 2023/2024
- Type
- Examen
- Contenu
- Questions et réponses