Purchasing a manufacturing b ANSWER: one of the following is an operating activity of a business? Paying for purchases of inventory Issuing for cash Borrowing money from a bank Purchasing a manufacturing a ANSWER: Which of the following represents the correct sequence of the three business activities on the Statement of Cash Flows? Financing - Operating - Investing Investing - Operating - Financing Operating - Investing - Financing Financing - Investing - Operating c ANSWER: Business entities generally carry on: Operating, investing, and financing activities Operating activities, but only corporations engage in financing and investing activities Investing and operating activities, but only corporations engage in financing activities Either investing or financing activities, but not both a ANSWER: Although businesses engage in a wide variety of activities, all of these activities can be categorized into three types. Which of the following choices best reflects these three types of business activities? Operating, financing, reporting Investing, reporting, financing Operating, financing, investing Investing, reporting, operating c ANSWER: As used in accounting, the to the Financial Statements” should be: “Notes Listed with the liabilities on the balance sheet Omitted at the option of the company Included as an integral part of the financial statements Reported as expenses on the Income Statement c ANSWER: Which of the following items will be found in a corporate annual report?
Purchasing a manufacturing ANSWER: b one of the following is an operating activity of a business? Paying for purchases of inventory Issuing for cash Borrowing money from a bank Purchasing a manufacturing ANSWER: a Which of the following represents the correct sequence of the three business activities on the Statement of Cash Flows? Financing - Operating - Investing Investing - Operating - Financing Operating - Investing - Financing Financing - Investing - Operating ANSWER: c Business entities generally carry on: Operating, investing, and financing activities Operating activities, but only corporations engage in financing and investing activities Investing and operating activities, but only corporations engage in financing activities Either investing or financing activities, but not both ANSWER: a Although businesses engage in a wide variety of activities, all of these activities can be categorized into three types. Which of the following choices best reflects these three types of business activities? Operating, financing, reporting Investing, reporting, financing Operating, financing, investing Investing, reporting, operating ANSWER: c As used in accounting, the “Notes to the Financial Statements” should be: Listed with the liabilities on the balance sheet Omitted at the option of the company Included as an integral part of the financial statements Reported as expenses on the Income Statement ANSWER: c Which of the following items will be found in a corporate annual report?
Downloadable-Test-Bank-for-Financial-Accounting-The-Impact-on-Decision-Makers-9th-Edition-Porter-1.docx