You are watching: Which of the following transactions does not affect cash during a period
If accounts payable have increased during a period:A. revenues on an accrual basis are less than revenues on a cash basis.B. expenses on an accrual basis are less than expenses on a cash basis.C. expenses on an accrual basis are greater than expenses on a cash basis.D. expenses on an accrual basis are the same as expenses on a cash basis.
The primary purpose of the statement of cash flows is to:A. Provide information about the investing and financing activities during a period.B. Prove that revenues exceed expenses if there is a net income.C. Provide information about the cash receipts and cash payments during a period. D. Facilitate banking relationships.
Which of the following transactions does not affect cash during a period?A. Write-off of an uncollectible accountB. Collection of an accounts receivableC. Sale of treasury stockD. Exercise of the call option on bonds payable
Significant noncash transactions would not include:A. conversion of bonds into common stock.B. asset acquisition through bond issuance.C. treasury stock acquisition.D. exchange of plant assets.
Financing activities involve:A. lending money.B. acquiring investments.C. issuing debt.D. acquiring long-lived assets.
Cash receipts from interest and dividends are classified as:A. financing activities.B. investing activities.C. operating activities.D. either financing or investing activities.
If a company reports a net loss, it:A. may still have a net increase in cash.B. will not be able to pay cash dividends.C. will not be able to get a loan.D. will not be able to make capital expenditures.
If a company has both an inflow and outflow of cash related to property, plant, and equipment, the:A. two cash effects can be netted and presented as one item in the investing activities section.B. cash inflow and cash outflow should be reported separately in the investing activities section.C. two cash effects can be netted and presented as one item in the financing activities section.D. cash inflow and cash outflow should be reported separately in the financing activities section.
The category that is generally considered to be the best measure of a company"s ability to continue as a going concern is:A. cash flows from operating activities.B. cash flows from investing activities.C. cash flows from financing activities.D. usually different from year to year.
Pare Company reported a net loss of $30,000 for the year ended December 31, 2017. During the year, accounts receivable decreased $15,000, merchandise inventory increased $25,000, accounts payable increased by $30,000, and depreciation expense of $20,000 was recorded. During 2017, operating activities:A. used net cash of $10,000.B. used net cash of $25,000.C. provided net cash of $25,000.D. provided net cash of $10,000.
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During the year, Salaries Payable decreased by $5,000. If Salary Expense amounted to $174,000 for the year, the cash paid to employees (including deductions from gross pay) is:A. $179,000B. $174,000C. $169,000D. $184,000
In Jude Company, land decreased $150,000 because of a cash sale for $150,000, the equipment account increased $60,000 as a result of a cash purchase, and Bonds Payable increased $120,000 from issuance for cash at face value. The net cash provided by investing activities is:A. $150,000.B. $210,000.C. $90,000.D. $270,000.
The following data are available for Two-off Company.Increase in accounts payable $120,000Increase in bonds payable $300,000Sale of investments $150,000Issuance of common stock $160,000Payment of cash dividends $90,000Net cash provided by financing activities is:A. $180,000B. $370,000C. $360,000D. $420,000
The following data are available for Sampson Corporation.Net income $200,000Depreciation expense $60,000Dividends paid $90,000Loss on sale of land $15,000Decrease in accounts receivable $30,000Decrease in accounts payable $45,000Net cash provided by operating activities is:A. $140,000B. $260,000C. $160,000D. $240,000
Intermediate Accounting, + WileyPLUS Registration Card16th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield