Which of the following is a source of cash that would appear on the statement of...

Which of the following is a source of cash that would appear on the statement of cash flows?

decrease in notes payable

increase in gross fixed assets

increase in accrued expenses

Expert Solution

The correct option is increase in accrued expenses.

A decrease in current assets (such as accounts receivable,inventory etc) is reported as a cash inflow for the period in the operating activities section of the cash flow statement and vice-versa.Similarly,a decrease in current liabilities(such as accounts payable,creditors) is an outflow of cash and hence would be reported as cash outflow in the cash flow from operating activities for the period and vice versa.

jeff jeffy answered 2 years ago

Which of the following would be considered a "source" of cash for purposes of constructing a statement of cash flows?

Which of the following would be considered a "source" of cash for purposes of constructing a statement of cash flows? Multiple Choice Dividends paid to the company's own shareholders. Increase in prepaid expenses Decrease in accounts payable Increase in accrued lists.

Which item would be classified as a source of cash on a company's statement of cash...

Which item would be classified as a source of cash on a company's statement of cash flows? Decrease in accounts payable Increase in accounts receivable Depreciation expense Increase in inventory Which of the following Accounting Standards Codification (ASC) Topics covers US accounting for translating a company's foreign financial statements into their home currency? Topic 320 Topic 820 Topic 830 Topic 815 Lenders, creditors and investors usually pay additional attention to which of the following financial statements? Statement of cash flows...

17. Which of the following would appear on the statement of financial position as a current...

17. Which of the following would appear on the statement of financial position as a current liability? a. a probable loss in the amount of $4 million from an ongoing lawsuit b. a possible loss in the amount of $4 million from an ongoing lawsuit c. a probable loss from an ongoing lawsuit, the amount of which is not yet determinable d. a lawsuit for $4 million for which the likelihood of loss is remote 18. Chastain Park Entertainment paid...

Which of the following items would be classified as a source of cash on a company's...

Which of the following items would be classified as a source of cash on a company's statement of cash flows? 1. increase in accounts receivable 2. Increase in accounts payable 3. Increase in Inventory 4.depreciation expense A.3 ONLY B.1 and 3 only C.2 AND 4 ONLY D 1,2,4

Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows?

X Company is a service company and prepares monthly financial statements. In March, it billed customers $416,000 for services it provided; in April, it billed customers $363,000 for services it provided. In April, the company received $286,000 from its March customers and $269,000 from its April customers.Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows?a. both statements, $269,000b both statements, $363,000c Income Statement, $555,000; Statement of Cash Flows, $779,000d Income Statement,...

Which of the following changes is considered a source of cash when preparing a statement of cash flow?

Which of the following changes is considered a source of cash when preparing a statement of cash flow? An increase in property, plant, and equipment A decrease in accounts payable A decrease in inventories An increase in accounts receivable A decrease in accrued wages

Which of the following is not a source of downward wage rigidity? A. Unions appear to...

Which of the following is not a source of downward wage rigidity? A. Unions appear to prefer layoffs to wage reductions, as the former affects only workers without seniority, while the latter would affect all workers. B. Firms appear to prefer layoffs to wage reductions, as the former allows the firm to "hoard" workers in whom they have invested specific training. C. implicit contracts between employers and their workers D. Layoffs are discouraged due to the method used to finance...

Question