Asked by Bhupindermannan 1) In preparing a statement of cash flows, which of the following transactions would be considered an investing activity? Group of answer choices declaration of a cash dividend sale of merchandise on credit issuance of bonds payable at a discount sale of equipment at net book value PreviousNext 2) The financial statement which
summarizes operating, investing, and financing activities of an entity for a period of time is the: Group of answer choices retained earnings statement. statement of cash flows. income statement. statement of financial position. In preparing a statement of cash flows, which of the following transactions would be considered an investing activity? Group of answer choices declaration of a cash dividend sale of merchandise on credit issuance
of bonds payable at a discount sale of equipment at net book value The minimum cash amounts that banks often require customers to maintain in chequing or savings accounts is called: Group of answer choices bank overdrafts money market funds compensating balances cash equivalents Dividends receivable and interest receivable would be classified as: Group of answer choices loans receivable. nontrade receivables. trade receivables. notes receivable. The financial statement which summarizes operating, investing, and financing activities of an entity for a period of time is the: Group of answer choices retained earnings statement. statement of cash flows. income statement. statement of financial position. The last step in preparing the statement of cash flow is to: Group of answer choices Determine the cash provided by or used in investing and financing activities Reconcile the change in cash with the beginning and ending cash balances Determine the change in cash during the period Determine the cash provided by operations For most industries, current assets are presented in the balance sheet in order of: Group of answer choices liquidity solvency importance monetary value The primary purpose of a statement of cash flows is to report the: Group of answer choices cash effects of operations during a period net increase or decrease in cash during a period difference between cash and accrual accounting during a period relevant information about the sources and uses of cash during the period The following can be cash equivalents except: Group of answer choices Fair value through net income investments Guaranteed Investment Certificates (GICs) Term deposits Commercial Paper Travel advances should be reported as: Group of answer choices supplies cash investments prepaid expenses When the stated interest rate is lower than the effective interest rate for a long-term note receivable, the note is issued at: Group of answer choices a premium a discount face value a value that reflects an average of the stated and effective interest rates Which of the following would be classified in a different major section of a statement of financial position from the others? Group of answer choices Accumulated Other Comprehensive Income Share investment in an affiliated (related) company Common Shares Share dividend distributable An example of an item which is NOT an element of working capital is: Group of answer choices inventory. short-term investments. trademarks. accrued interest on notes receivable. Brighton Inc. reported the following amounts: cash in bank—chequing account of $37,000, cash on hand of $1,000, postdated cheques received totalling $3,500, and guaranteed investment certificates totalling $248,000. How much should be reported as cash in the statement of financial position? Group of answer choices 37,000 286,000 45,000 38,000 An enterprise's ability to pay its debts and related interest is called: Group of answer choices financial flexibility liquidity the amount of time expected to pass until an asset is realized solvency Cash equivalents may include all of the following except: Group of answer choices post-dated cheques money-market investments commercial paper treasury bills The percentage-of-sales approach for estimating uncollectible receivables is typically used: Group of answer choices to determine any interest to be charged on uncollected accounts receivable to age the accounts receivable balances for each customer account because of its ease of use for external reporting at the year end when assessing accounts receivable quality Accounts receivable are valued and reported on the statement of financial position at their: Group of answer choices face value net realizable value gross realizable value maturity value Restricted cash may be reported on the balance sheet as: Group of answer choices current or long-term asset bank overdraft long term asset current asset On the balance sheet, bank overdrafts held at a different bank from the company's main chequing account should: Group of answer choices be netted against cash and a net cash amount reported. be reported as restricted cash. be reported as a current liability. be reported as a cash equivalent.
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, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Don Unlock full access to Course Hero Explore over 16 million step-by-step answers from our library Subscribe to view answer Step-by-step explanation s a molestie consequat, ultrices ac magna. Fusce du facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam la Student reviews 100% (3 ratings) Which of the following would be considered an investing activity?Investing activities include purchases of physical assets, investments in securities, or the sale of securities or assets. Negative cash flow from investing activities might not be a bad sign if management is investing in the long-term health of the company.
What are considered investing activities in accounting?Investing activities in accounting refers to the purchase and sale of long-term assets and other business investments, within a specific reporting period. A business's reported investing activities give insights into the total investment gains and losses it experienced during a defined period.
What is an example of an investing activity quizlet?Collection of notes receivable, sale of property, and purchase of equipment are examples of investing activities.
What are investing activities quizlet?What are investing activities? Investing activities include the purchase or sale of long-lived assets used in operating the business, or the purchase or sale of investment securities.
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Which of the following transactions would be considered an investing activity
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