Shopping Cart
Your shopping cart is empty!
Categories
ACC 556 Chapter 9 Quiz (100% Score)
$5.00

ACC 556 Chapter 9 Quiz (100% Score)

This Tutorial was purchased 4 times & rated A by student like you.

 

This Tutorial contains following Attachments

  • ACC 556 S Chapter 9 Quiz (100% Score).docx

Chapter 9 Quiz

Question 1

 

The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement.

Question 2

 

The activity from the balance sheet to be presented in the financing activities section of the statement of cash flows is based on an analysis of stockholders’ equity only.

Question 3

 

The acquisition of a building by issuing bonds would be considered an investing and financing activity that did not affect cash.

Question 4

 

The cash debt coverage ratio indicates a company’s ability to repay its liabilities from cash generated from operations.

Question 5

 

The current cash debt coverage ratio is considered a better representative of liquidity than the current ratio because it involves the entire year rather than a balance at one point in time.

Question 6

 

The statement of cash flows

Question 7

 

Generally, the most important category on the statement of cash flows is cash flows from

Question 8

 

Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, interest paid on note would be classified on the statement of cash flows.

Question 9

 

Which of the following transactions does not affect cash during a period?

Question 10

 

Zoum Corporation had the following transactions during 2014:

1 - Issued $125,000 of par value common stock for cash.
2 - Recorded and paid wages expense of $60,000.
3 - Acquired land by issuing common stock of par value $50,000.
4 - Declared and paid a cash dividend of $10,000.
5 - Sold a long-term investment (cost $3,000) for cash of $3,000.
6 - Recorded cash sales of $400,000.
7 - Bought inventory for cash of $160,000.
8 - Acquired an investment in Zynga stock for cash of $21,000.
9 - Converted bonds payable to common stock in the amount of $500,000.
10 - Repaid a 6 year note payable in the amount of $220,000.

What is the net cash provided by financing activities?

Question 11

 

In order to determine net cash provided by operating activities, a company must convert net income from an accrual basis to a cash basis under

Question 12

 

The information to prepare the statement of cash flows comes from all of the following sources except

Question 13

 

Peninsula Company reported net income of $260,000 for the year. During the year, accounts receivable increased by $21,000, accounts payable decreased by $9,000 and depreciation expense of $45,000 was recorded. Net cash provided by operating activities for the year is

Question 14

 

In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a(n)

Question 15

 

The net income reported on the income statement for the current year was $440,000. Depreciation was $62,000. Accounts receivable and inventories decreased by $20,000 and $32,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $2,000 and $16,000. How much cash was provided by operating activities?

Question 16

 

The statement of cash flows will not provide insight into

Question 17

 

Laser Performance Inc. has the following information available (amount in thousands).
Net Income                                                     $30,000
Average Total Liabilities                                   80,000
Average Current Liabilities                               36,000
Cash Provided by Operations                          48,000
Cash Sales                                                     130,000
Capital Expenditures                                        22,000
Dividends Paid                                                   6,000
 
What is the current cash debt coverage?

Question 18

 

Authentic Exposure Company had the following transactions that took place during the year:
I.    Paid amount owing to suppliers $2,750.
II.   Purchased new equipment for $5,000 by signing a long-term note payable.
III.  Purchased a patent and paid $15,000 cash for the asset.
 
How what is the total effect of these transactions on Free Cash Flow, Current Cash Debt Coverage, and Cash Debt Coverage respectively?
           Free                          Current Cash Debt                         Cash Debt
       Cash Flow                             Coverage                                Coverage

Question 19

 

All of the following statements are true regarding cash flow presentations except

Question 20

 

For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows, using the indirect method.

 

Write a review

Order Id


Order Id will be kept Confidential
Your Name:


Your Review:
Rating:   A   B   C   D   F  

Enter the code in the box below:



Related Tutorials
$10.00

This Tutorial was purchased 6 times & rated A by student like you.

This Tutorial contains 3 Different Papers Assignment 2: Budget Planning and Control Due Week 10 and worth 160 points Use the Internet and / or databases to research budget planning and control. Imagine that the company that you currently work for, have previously worked ..
$10.00

This Tutorial was purchased 5 times & rated A by student like you.

This Tutorial contains 4 Different Papers (Apple, Lowe's, Mc Donalds, Walmart) ACC 556 Week 6 Assignment 1 Financial Analysis Assignment 1: Financial Analysis worth 160 points Use the Internet or Str databases to research one (1) publicly traded company and review i..
$12.00

This Tutorial was purchased 5 times & rated A by student like you.

ACC 556 - Midterm part 2 •Question 1 Which of these would cause the inventory turnover ratio to increase the most? •Question 2 Bad Debt Expense is considered •Question 3 A trial balance proves •Question 4 Fehr Company sells merchandise on account for $5,000 to Kell..
$12.00

This Tutorial was purchased 4 times & rated A by student like you.

ACC 556 - Midterm part 1   · Question 1 Source documents can provide evidence that a transaction has occurred   · Question 2 Expense recognition is tied to re..
$20.00

This Tutorial was purchased 4 times & rated A by student like you.

ACC 556 - Midterm part 1 · Question 1 Source documents can provide evidence that a transaction has occurred   · Question 2 Expense recognition is tied to revenue ..
$5.00

This Tutorial was purchased 6 times & rated A+ by student like you.

Chapter 22 Quiz Question 1   Budget reports comparing actual results with planned objectives should be prepared only once a year. Question 2   A static budget is changed only when actual activi..
$5.00

This Tutorial was purchased 5 times & rated A+ by student like you.

Chapter 21 Quiz Question 1   A benefit of budgeting is that it provides definite objectives for evaluating performance. Question 2   Effective budgeting requires clearly defined lines of author..
$5.00

This Tutorial was purchased 4 times & rated A by student like you.

Chapter 13 Quiz 1.    Price-earnings ratio 2.    Return on assets 3.    Accounts receivable turnover ratio 4.    Earnings per share 5.    Payout ratio 6.    Current cash debt coverage 7.&n..
$5.00

This Tutorial was purchased 8 times & rated A by student like you.

Chapter 12 Quiz Question 1   The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement. Question 2   ..
$5.00

This Tutorial was purchased 6 times & rated A by student like you.

Chapter 11 Quiz   Question 1   A current liability must be paid out of current earnings. Question 2   Most notes are not interest bearing   Questi..
$5.00

This Tutorial was purchased 4 times & rated A by student like you.

Chapter 9 Quiz Question 1   The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement. Question 2   ..
$5.00

This Tutorial was purchased 6 times & rated A by student like you.

Chapter 8 Quiz Question 1   An aging of accounts receivable schedule is based on the premise that the longer the period an account remains unpaid, the greater the probability that it will eventually be collected. Question ..
$5.00

This Tutorial was purchased 3 times & rated A by student like you.

Chapter 6 Quiz Question 1   Raw materials inventories are the goods that a manufacturing company has completed and are ready to be sold to customers. Question 2   Goods held on consignment shou..
$5.00

This Tutorial was purchased 3 times & rated A by student like you.

Chapter 5 Quiz   Question 1   An advantage of using the periodic inventory system is that it requires less record keeping than the perpetual inventory system. Question 2   The ..
$5.00

This Tutorial was purchased 3 times & rated B+ by student like you.

Chapter 4 Quiz Question 1 The revenue recognition principle dictates that revenue be recognized in the accounting period in which the performance obligation is satisfied. Question 2 An adjusting entry to a prepaid expense is re..
$5.00

This Tutorial was purchased 3 times & rated A by student like you.

Chapter 3 Quiz · Question 1 Economic events that require recording in the financial statements are called accounting transactions · Question 2 An account is often referred to as a T-account because of the way it is constructed...
$5.00

This Tutorial was purchased 3 times & rated A by student like you.

Chapter 1 Quiz Question 1 A business organized as a separate legal entity owned by stockholders is a partnership. Question 2   Accounting communicates financial information about a business to both internal an..
$12.00

This Tutorial was purchased 5 times & rated A by student like you.

Final  Part 1 Question 1   Under the corporate form of business organization Question 2   Accountants do not attempt to measure the change in a plant asset's market value during ownership..
$35.00

This Tutorial was purchased 9 times & rated A+ by student like you.

Please check the details of Quizzes given under our product section individually (all questions are mentioned there)  ACC 556 Chapter 1 Quiz (100% Score) ACC 556 Chapter 2 Quiz (100% Score) ACC 556 Chapter 3 Quiz (100% Score) ACC 556 Chapter 4 Quiz (100% Score) ACC 556 Chapter..
$8.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Complete the Week 6 Short Answer Quiz. Click the Assignment Files tab to submit your assignment as a Microsoft® Word Document. Copy and paste the questions  onto a Word document.  Write a brief response using the information found in Chapter 4 and integr..
$8.00

This Tutorial was purchased 2 times & rated B+ by student like you.

INDIVIDUAL ASSIGNMENT Prepare 7-10 Power Point slides discussing common business fraud symptoms and mitigation actions that can be taken to help deter and detect fraud.  Choose some elements from Chapter 5: Recognizing the Symptoms of Fraud to discuss in your presentation keepi..
$8.00

This Tutorial was purchased 3 times & rated A+ by student like you.

INDIVIDUAL ASSIGNMENT Write a 600-800 word memo to your accounting committee on fraud detection discussing the 6 steps of the Proactive Method of Fraud Detection found in figure 6.1 of Chapter 6.  Include methods to gather information about a business, questions that shoul..
$8.00

This Tutorial was purchased 2 times & rated B+ by student like you.

ACC 556 Week 5 Comparing the Impact ..
$8.00

This Tutorial was purchased 0 times & rated No rating by student like you.

ACC 556 Week 5 Crooked Scenario 5 ..
$4.00

This Tutorial was purchased 4 times & rated A by student like you.

Write a 1,250-1,400-word paper on the impact of corruption on an organization of your choice in APA format with in-text citations and references. Include the following: ·         Who committed this corruption? ·     ..
$8.00

This Tutorial was purchased 3 times & rated B+ by student like you.

1. Define and describe Theft Act Investigative Methods. 2. What is a Vulnerability Chart and how, when and why is it used? 3. Define Invigilation and discuss how, when and why it is used. 4. Discuss the steps in obtaining electronic evidence. 5. To what are Concealment Investigati..
$8.00

This Tutorial was purchased 4 times & rated A+ by student like you.

INDIVIDUAL ASSIGNMENT Write a 1,050 word paper on the impact of asset misappropriation on an organization of your choice. Include the following as headings for your paper: • What was the fraud? • Who committed this fraud? • Why did they commit this fraud? • How did they co..
$8.00

This Tutorial was purchased 1 times & rated No rating by student like you.

ACC 556 Week 1 Sherlock Homes ..
$8.00

This Tutorial was purchased 0 times & rated No rating by student like you.

ACC 556 Week 1 Crooked Scenario 1 ..
$8.00

This Tutorial was purchased 2 times & rated B+ by student like you.

INDIVIDUAL ASSIGNMENT Complete the Week 1 Short Answer Quiz. Click the Assignment Files tab to submit your assignment as a Microsoft® Word document. 1. What is the Association of Certified Fraud Examiners (ACEF) and what do they do? – 2. Define fraud.  3. Distinguish betw..
$8.00

This Tutorial was purchased 3 times & rated A+ by student like you.

Shortly after you completed your work of unpacking all the players in the CrookEd Partners drama and identifying all potential fraudulent activity that had been relayed to you (Week One Scenario Assignment), your secretary came into your office and said you had a visitor.  You inquired who i..
Acc556Assist © 2017 All Rights Reserved.Powered by:Ash Tutorial.