Act105 week 5.3 100% COMPLETE QUESTIONS AND ANSWERS,
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
Geschreven voor
- Instelling
-
American Public University
- Vak
-
ACCT 105
Documentinformatie
- Geüpload op
- 25 januari 2024
- Aantal pagina's
- 4
- Geschreven in
- 2023/2024
- Type
- Tentamen (uitwerkingen)
- Bevat
- Vragen en antwoorden