Payment of $5,000 made to bank on a long term mortgage note payable.
Question 1 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Noncash Schedule
Corporate headquarters land is received as a donation.
Question 2 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Noncash Schedule
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Question 3 (1 point)
The Cash Flow Statement must be presented in the following order:
Question 3 options:
A) Operating Activity, Financing Activity, Investing Activity
B) Operating Activity, Investing Activity, Non cash schedule
C) Financing Activity, Operating Activity, Investing Activity
D) Operating Activity, Investing Activity, Financing Activity
E) Investing Activity, Operating Activity, Financing Activity
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Question 4 (1 point)
Bonds payable are converted into common stock.
Question 4 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Noncash Schedule
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Question 5 (1 point)
Sale of equipment.
Question 5 options:
A) Operating Activity
B) Investing Activity
C) Financing Activity
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Question 6 (1 point)
Decrease of $4,500 in Accounts Payable Indirect Method
Question 6 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Non cash Schedule
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Question 7 (1 point)
Common stock is sold for cash above par value.
Question 7 options:
A) Operating Activity
B) Investing Activity
C) Financing Activity
D) Noncash Activity
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Question 8 (1 point)
Cash dividends declared and paid.
Question 8 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Noncash Schedule
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Question 9 (1 point)
Purchase of land.
Question 9 options:
A) Operating Activity
B) Investing Activity
C) Financing Activity
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Question 10 (1 point)
Common stock is sold for cash above par value
Question 10 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Noncash Schedule
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Question 11 (1 point)
Receipt of dividends on investment.
Question 11 options:
A) Operating Activity
B) Investing Activity
C) Financing Activity
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Question 12 (1 point)
Decrease in Salaries Payable Indirect Method
Question 12 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Noncash Schedule
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Question 13 (1 point)
Net Loss of $5,000 Indirect Method
Question 13 options:
A) Operating Activity Addition
B) Operating Activity Deduction
C) Investing Activity
D) Financing Activity
E) Noncash Schedule
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Question 14 (1 point)
Accounts payable are paid in cash.
Question 14 options:
A) Operating Activity
B) Investing Activity
C) Financing Activity
D) Noncash Activity
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Question 15 (1 point)
Purchase of treasury stock.
Question 15 options:
A) Operating Activity
B) Investing Activity
C) Financing Activity