A transaction involving a gain on the sale of equipment affects cash provided

Jun 23rd, 2016
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Question 1. A transaction involving a gain on the sale of equipment affects cash provided (used) by i. operating and financing activities. ii. operating and investing activities. iii. operating, financing, and investing activities. iv. financing and investing activities. 2. Which of the following would be subtracted from net income using the indirect method? i. A decrease in prepaid expenses. ii. An increase in accounts receivable. iii. Depreciation expense. iv. An increase in accounts payable. 3. Using the indirect method, if equipment is sold at a gain, the i. sale proceeds received are added in the operating activities section. ii. amount of the gain is added in the operating activities section. iii. sale proceeds received are deducted in the operating activities section. iv. amount of the gain is deducted in the operating activities section. 4. The best way to study the relationship of the components within a financial statement is to prepare i. ratio analysis. ii.

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A transaction involving a gain on the sale of equipment affects cash providedReport this Question as InappropriateQuestion1. A transaction involving a gain on the sale of equipment affects cash provided (used) byi. operating and financing activities.ii. operating and investing activities.iii. operating, financing, and investing activities.iv. financing and investing activities.2. Which of the following would be subtracted from net income using the indirect method?i. A decrease in prepaid expenses.ii. An increase in accounts receivable.iii. Depreciation expense.iv. An increase in accounts payable.3. Using the indirect method, if equipment is sold at a gain, thei. sale proceeds received are added in the operating activities section.ii. amount of the gain is added in the operating activities section.iii. sale proceeds received are deducted in the operating activities section.iv. amount of the gain is deducted in the operating activities section.4. The best way to study the relationship of the components within a financial statement is topreparei. ratio analysis.ii. common size statements.iii. profitability analysis.iv. a trend analysis.5. Comparative balance sheetsi. do not show both dollar amount and percentage changes.ii. are usually prepared for at least one year.iii. are usually prepared for at least two years.iv. do not show a comparison of total stockholders' equity.6. The following information pertains to Unique Company. Assume that all balan

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