Correct Answer: None of the above
Explanation:
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More Accounting Cash Flow MCQ Questions
In 2007, XYZ Company had a net loss of $160,000 and reported the following: Dividends paid: $40,000 Depreciation expense: $30,000 Increase in accounts payable: $15,000 Issuance of stock: $100,000 Retirement of debt: $50,000 Given this data, the amount of cash flow from operations was ______________.
Dividends paid for the year would appear in which of the following sections of the cash flow statement?
Equity income from an affiliate would be shown _____________________.
Issuing ten-year bonds will cause cash to ______________ .
A cash flow statement is typically prepared _____________________.
Which of the following transactions would be shown as a cash flow from financing?
In 2007, XYZ Company had a net income of $312,000 and reported the following: Decrease in accounts receivable: $10,000 Gain on sale of building: $14,000 Increase in accounts payable: $12,000 Issuance of common stock: $90,000 Retirement of debt: $45,000 Given this data, the amount of cash flow from operations was ______________.
Cash received from the issue of debt would be shown as ____________________.
XYZ Company reported the following information on its balance sheet: 01/01/07 Building: $800,000 Accumulated Depreciation: $200,000 12/31/07 Building: $785,000 Accumulated Depreciation: $225,000 In 2007, the company also purchased a building at a cost of $100,000. Considering the above data, did the company sell any building during the year, and if so, what was its original cost?
Purchasing inventory with a check will cause cash to ______________ .