Classify the following activities according to the appropriate section of the statement of cash flows. a. Operating activityb. Investing activityc. Financing activity____ 1. Cash received from a one-time sale of used office equipment.____ 2. Cash paid for dividends.____ 3. Cash received from customers.____ 4. Cash received from stockholder contributions.____ 5. Cash paid for utilities.____ 6. Cash paid for a delivery van to be used in the business.
What will be an ideal response?
1. B; 2. C; 3. A; 4. C; 5. A; 6. B
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A non-business entity would be particularly concerned about its
a. earnings per share b. price/earnings ratio c. liquidity d. income tax rate
Calculate the accounts receivable turnover ratio for 2019. (Round your answer to two decimal places.)
National, Inc. provides the following data:
For the year ending December 31, 2019:
A) 5.60 times
B) 4.11 times
C) 3.50 times
D) 2.86 times
When direct materials are issued from inventory to production under a job order costing system, an increase is recorded in the
A) Overhead account. B) Work in Process Inventory account. C) Materials Inventory account. D) Finished Goods Inventory account.
On a statement of cash flows prepared using the direct method, cash received from selling merchandise is considered a ________.
A) cash inflow from investing activities B) cash inflow from operating activities C) cash outflow from financing activities D) cash outflow from investing activities