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Quiz 7
Quiz 7
Multiple-Choice Quiz
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1. According to the accounting profession, which of the following would be considered a cash-flow item
from an "investing" activity?
2. According to the Financial Accounting Standards Board (FASB), which of the following is a cash flow
from a "financing" activity?
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9/29/23, 10:45 PM Chapter 7 Multiple-Choice Quiz
4. On an accounting statement of cash flows an "increase(decrease) in cash and cash equivalents" appears
as
tax refund.
dividends.
goodwill.
patent amortization.
a ratio analysis.
dividends.
interest payments.
taxes.
a decrease in cash.
an increase in cash.
10. The cash flow statement in the United States is most likely to appear using
a "supplementary method."
a "direct method."
an "indirect method."
11. For a profitable firm, total sources of funds will always total uses of funds.
be equal to
be greater than
be less than
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