Q1. Which of the following items is least appropriately described as a liability arising from an operating activity for a non-financial company? A) The current portion of long-term debt. B) Cash advances from customers. C) Trade payables.
Q2. Which of the following choices most accurately illustrates an operating liability and which most accurately illustrates a financing liability? Operating liabilities
Financing liabilities
A) Accounts payable Current portion of long-term debt B) Short-term note payable Current portion of long-term debt C) Customer advances Accrued liabilities
Q3. When a U.S. company pays dividends to its stockholders, which type of cash flow does this represent? A) Operating. B) Investing. C) Financing.
Q4. If Jackson Ski Company issues common stock, and uses the proceeds to purchase fixed assets such as equipment: A) both cash flow from operations and cash flow from financing would increase. B) cash flow from financing would decrease and cash flow from investing would increase. C) cash flow from financing would increase and cash flow from investing would decrease.
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发表于 2009-1-17 11:01
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