Easy DIFFICULTY: Bloom’s: Applying ACCT.WARD.16.16-02 - 16-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would increase by $48,000 decrease by $7,000 increase by $55,000 decrease by $27,000 a ANSWER: Easy DIFFICULTY: Remembering ACCT.WARD.16.16-02 - 16-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic On the statement of cash flows, the cash flows from financing activities section would include receipts from the sale of investments payments for the acquisition of investments receipts from a note receivable receipts from the issuance of capital stock d ANSWER: Easy DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.16-02 - 16-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Cash dividends paid on capital would be reported in the statement of cash flows in the cash flows from financing activities section the cash from investing activities section a separate schedule the cash from operating activities section a ANSWER: Easy DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.16-02 - 16-02 LEARNING OBJECTIVES:
DIFFICULTY: Easy Bloom’s: Applying LEARNING OBJECTIVES: ACCT.WARD.16.16-02 - 16-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would increase by $48,000 decrease by $7,000 increase by $55,000 decrease by $27,000 ANSWER: a DIFFICULTY: Easy Remembering LEARNING OBJECTIVES: ACCT.WARD.16.16-02 - 16-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic On the statement of cash flows, the cash flows from financing activities section would include receipts from the sale of investments payments for the acquisition of investments receipts from a note receivable receipts from the issuance of capital stock ANSWER: d DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.16-02 - 16-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Cash dividends paid on capital would be reported in the statement of cash flows in the cash flows from financing activities section the cash from investing activities section a separate schedule the cash from operating activities section ANSWER: a DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.16-02 - 16-02
Test-Bank-for-Managerial-Accounting-13th-Edition-by-Warren.docx