Accounting II Ch 16-18

18 cards

Accounting﷯﷯﷯ ﷯﷯﷯﷯﷯﷯ 


 
  
Created Mar 22, 2011
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perez71573

 

 
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1
Which of the following does not  represent an outflow of cash and therefore would not...
 
discarding an asset that had been fully depreciated
2
Which of the following represents an inflow of cash and therefore would be reported on the...
 
Issuance of long-term debt
3
A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a...
 
financing activites
4
Cash paid for preferred stock dividends should be shown on the statement of cash flows under...
 
financing activits
5
The statement of cash flows may be used by management to
 
assess the liquidiy of the business
6
Financing activities involve?
 
issuing debt
7
Which one of the following below would not be classified as an operating activity?
 
payment of dividends
8
On the statement of cash flows, the cash flows from financing activities section would include...
 
receipts from the issuance of capital stock
9
Which of the floowing should be deducted from net income in calculating net cash flow from...
 
a decrease in accounts payable
10
In calculating cash flows form opearting activities using the indirect method, a gain on the...
 
 deducted from net income
11
The statement of cash flows is not one of the basic financial statements.
 
FALSE
12
Cash flows from investing activities, as part of the statement of cash flows, include receipts...
 
FALSE
13
What is the primary criterion for the preparation of managerial accounting reports?
 
Meet the manager needs
14
Which of the following statements is false?
 
There is no overlap between financial and managerial accounting.
15
In most business organization, the chief management accountant is called the:
 
Controller
16
The controller's staff often consists of several management accountants.All of the following...
 
investmetns and shareholder relations managers
17
What term is used to describe the process of directing operations to achieve the organization's...
 
Control
18
Which of the following is the principle reason for preparing managerial accounting reports?
 
Usefulness to management

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