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Act105 week 5.3 100% COMPLETE QUESTIONS AND ANSWERS,
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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
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Institution
American Public University
Course
ACCT 105
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American Public University
- Course
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ACCT 105
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- 2023/2024
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