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In converting net income to net cash provided by operating activities, under the indirect method:
increases in accounts receivable and increases in accrued liabilities are deducted.
decreases in inventory and increases in accrued liabilities are added.
decreases in accounts receivable and increases in prepaid expenses are added.
decreases in accounts payable and decreases in inventory are deducted.
Multiple Choice Question 122 A measure that describes the cash remaining from operations after adjustment for capital expenditures and dividends is
cash provided by operations.
free cash flow.
net cash provided by operating activities.
adjusted cash from operations.
Multiple Choice Question 46 The statement of cash flows will not report the
change in the cash balance for the current period.
uses of cash in the current period.
sources of cash in the current period.
amount of checks outstanding at the end of the period.
Multiple Choice Question 76 Blocker Company reported a net loss of $5,000 for the year ended December 31, 2013. During the year, accounts receivable increased $14,000, merchandise inventory decreased $10,000, accounts payable decreased by $20,000, and depreciation expense of $10,000 was recorded. During 2013, operating activities
provided net cash of $27,000.
used net cash of $19,000.
used net cash of $27,000.
provided net cash of $17,000.
Multiple Choice Question 110 The following data are available for Simpson Corporation. Net income $300,000 Depreciation expense 60,000 Dividends paid 90,000 Gain on sale of land 15,000 Decrease in accounts receivable 30,000 Decrease in accounts payable 45,000 Net cash provided by operating activities is:
Multiple Choice Question 81 Madison Company reported net income of $100,000 for the year ended December 31, 2013. During the year, inventories decreased by $12,000, accounts payable decreased by $18,000, depreciation expense was $20,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2013 using the indirect method was
Multiple Choice Question 92 Using the indirect method, patent amortization expense for the period
is deducted from net income.
causes cash to increase.
is added to net income.
causes cash to decrease.
Multiple Choice Question 124 Collins Pest Control Products has the following information available: Net Income $25,000 Cash Provided by Operations 31,000 Cash Sales 65,000 Capital Expenditures 11,000 Dividends Paid 3,000 What is Collins free cash flow?
Multiple Choice Question 153 The information in a statement of cash flows will not help investors to assess the entity’s ability to
pay its obligations when they become due.
generate future cash flows.
obtain favorable borrowing terms at a bank.
Multiple Choice Question 62 Significant noncash transactions would not include
treasury stock acquisition.
exchange of plant assets.
asset acquisition through bond issuance.
conversion of bonds into common stock.
Multiple Choice Question 115 The statement of cash flows
is prepared from comparative income statements.
is used to assess an entity’s ability to pay dividends and meet obligations.
is prepared instead of an income statement under generally accepted accounting principles.
reflects earnings per share figures on a cash basis and on an accrual basis in the body of the statement.
Multiple Choice Question 117 To determine the net cash provided (used) by operating activities, it is necessary to analyze
the current year’s income statement.
a comparative balance sheet.
all of these.
Multiple Choice Question 86 Which one of the following affects cash during a period?
Declaration of a cash dividend
Payment of an accounts payable
Recording depreciation expense
Write-off of an uncollectible account receivable
Multiple Choice Question 57 Cash receipts from interest and dividends are classified as
either financing or investing activities.
Multiple Choice Question 49 Lending money and collecting the loans are
Non-cash investing and financing activities.