ACCOUNTING 200 EXAM 1 UTK 2025 | CERTIFIED Q&A

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ACCOUNTING 200 EXAM 1 UTK 2025 |
CERTIFIED Q&A



Statement of Cash Flows - correct-answer-Operating Activities
+cash from operating transactions
-cash paid for operating transactions
=net cash from operating activities
Investing Activities
+cash received from sale of land, buildings, and equipment
-cash paid for purchases of land, buildings, and equipment
=net cash from investing activities
Financing Activities
+cash in from capital stock
+cash in from borrowing LT debt
-cash out for dividends
-cash out for repayment of LT debt
=net cash for financing activities


=change in cash
+beginning balance

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=end cash balance




Increase in revenue causes: - correct-answer-Increase in net income; increase in
ending retained earnings; increase total equity




FASB - correct-answer-Financial Accounting Standards Board
Writes the GAAP




SEC - correct-answer-Securities and Exchange Commission
Attempts to protect investors




IASB - correct-answer-International Accounting Standards Board
for businesses working on an international level




fraud triangle - correct-answer-Rationalization, Opportunity, Pressure




Increase in dividends causes: - correct-answer-decrease in retained earnings;
decrease in equity