Question

In: Accounting

2, 3,5,6, 7 -Investing cash flows would include which of the following? Payment of cash dividends...

2, 3,5,6, 7

-Investing cash flows would include which of the following?

Payment of cash dividends to stockholders.

Cash sales to customers.

Purchase of a building with cash.

Purchase of office supplies with cash.

-Providing services to customers on account is considered a(n):

Financing cash flow.

Investing cash flow.

Not a cash flow.

Operating cash flow.

-Which of the following sales would typically be reported as a cash sale?

Sale in exchange for office supplies received.

Sale with credit card.

Sale on account.

Sale in exchange for equipment received.

-Compared to other methods of estimating uncollectible accounts, the aging of accounts receivables method tends to:

Result in the lowest net income.

Be more accurate.

Result in the highest net income.

Recognize bad debts earlier.

-Suppose a customer is unable to pay its account on time, so the company accepts a six-month interest-bearing note receivable to replace the customer's account receivable. What effect will accepting the note receivable have on the company's financial statements at the time of acceptance?

Total assets increase.

Total revenues increase.

Total assets decrease.

No change in total assets.

Expert Solution

ekkarill92 answered 1 year ago

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