Cash flows from investing activities are determined by:
a. explaining the changes in each account involving cash payments and cash receipts from investing activities.
b. analyzing each item on the income statement.
c. analyzing the stockholders' equity accounts on the balance sheet.
d. all of these are correct.
a
You might also like to view...
In the independent auditors' report included with the annual report, management discusses the financial statements and provides the shareholders with explanations for certain amounts reported in the statements
a. True b. False Indicate whether the statement is true or false
Occasionally, companies engage in important investing and financing activities which do not affect cash. If the amount of the transaction is significant, how should it be disclosed when financial statements are prepared?
a. In the investing section if the amount of investing activities are greater than the financing activities amount. b. In the financing section if the amount of financing activities are greater than the investing activities amount. c. In a note to the financial statements or in a supplemental schedule. d. The transaction does not need to be disclosed.
Baraban Corporation has provided the following data for its most recent year of operation: Selling price per unit$47 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$130,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$63,000 Units in beginning inventory0Units produced during the year10,000Units sold during the year9,000Units in ending inventory1,000The unit product cost under absorption costing is closest to:
A. $34.00 B. $21.00 C. $13.00 D. $39.00
What are the two major components of the definition of self-leadership?
a. self-respect and self-efficacy b. self-direction and self-motivation c. self-love and other-love d. cognitive intelligence and emotional intelligence/competencies