Acc-120: Cash Flow Flashcards

Which of the following can be found on the statement of cash flows?

On the statement of cash flows, the cash flows from operating activities section would include

Cash paid to purchase long-term investments would be reported in the statement of cash flows in

Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash?

Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows?

A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under

Cash paid for preferred stock dividends should be shown on the statement of cash flows under

A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under

Cash receipts received from the issuance of a mortgage notes payable would be classified as

The order of presentation of activities on the statement of cash flows is

Financing activities include

Investing activities include

Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in

Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?

Which of the following below increases cash?

On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be

____ 17. The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is

Equipment with an original cost of $60,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would

Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method?

In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is

The percentage analysis of increases and decreases in individual items in comparative financial statements is called

Which of the following below generally is the most useful in analyzing companies of different sizes

The percent of fixed assets to total assets is an example of

An analysis in which all the components of an income statement are expressed as a percentage of net sales is called

Assume the following sales data for a company: 2011 750,000 2010 500,000 What is the percentage increase in sales from 2010 to 2011?

In a common size balance sheet, the 100% figure is:

Horizontal analysis is a technique for evaluating financial statement data

In horizontal analysis, each item is expressed as a percentage of the

The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as

Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000Based on the above data, what is the amount of quick assets?

Based on the above data, what is the amount of working capital?

Based on the above data, what is the quick ratio, rounded to one decimal point?

Which of the following is a measure of the liquid position of a corporation?

____ 34. Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000

An acceleration in the collection of receivables will tend to cause the accounts receivable turnover to

Based on the following data for the current year, what is the number of days' sales in accounts receivable? Net sales on account during year $584,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000

Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $500,000 Cost of merchandise sold during year 330,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000

Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $1,204,500 Cost of merchandise sold during year 657,000 Accounts receivable, beginning of year 75,000 Accounts receivable, end of year 85,000 Inventory, beginning of year 81,600 Inventory, end of year 98,600

If net income is $115,000 and interest expense is $30,000 for 2012, and the market price is $30, What is the price-earnings ratio on common stock for 2012 (round to one decimal point)

Which one of the following is not a characteristic generally evaluated in ratio analysis?

Short-term creditors are typically most interested in assessing

A company that is leveraged is one that

____ 43. The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments$ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant and equipment 215,000 Total Assets $310,000 Liabilities and Stockholders' Equity Current liabilities 60,000 Long-term liabilities 95,000 Stockholders' equity-common 155,000 Total Liabilities and stockholders' equity $310,000 Income Statement Sales $ 90,000 Cost of goods sold 45,000 Gross margin 45,000 Operating expenses 20,000 Net income $ 25,000 Number of shares of common stock 6,000 Market price of common stock $40 Dividends per share 1.00 Cash provided by operations $40,000 What is the rate earned on total assets for this company?

the independent auditor's report does which of the following?