Sales for the year were $600,000 . Accounts receivable were $100,000 and $80,000 at the beginning and end of theyear, respectively. Cash received from customers to be reported on the statement of cash flows using the directmethod is
a. $700,000
b. $600,000
c. $580,000
d. $620,000
d
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When you use this response style, you clarify or seek more information
A) questioning B) paraphrasing C) supporting D) evaluating
In preparing a statement of cash flows using the indirect method, an increase in an unearned revenue account should
a. be shown as a financing activity. b. be shown as a deduction from net income in computing net cash flows from operating activities. c. not be shown on the statement of cash flows. d. be shown as an addition to net income in computing net cash flows from operating activities.
On the statement of cash flows, ____________________ activities include buying stock in other companies and ____________________ activities include issuing new stock.
Fill in the blank(s) with the appropriate word(s).
The following returns were earned last year: Fund A, 10%, Fund B, 18%, the overall market, 11%. Fund A's beta was 0.8 while Fund B's was 2.0. Therefore, the best investment was Fund A
Indicate whether the statement is true or false.