Blog

A company borrowed $10,000 by signing a 180-day promissory note at 9%. The total interest due on the maturity date is: (Use 360 days a year.)

A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals:

Financial reporting refers to:

Business activities that generate or use cash are classified as operating, investing, or financing activities on the statement of cash flows.

An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except:

In preparing a company’s statement of cash flows for the most recent year using the indirect method, the following information is available:           Net income for the year was $ 52,000   Accounts payable decreased by   18,000   Accounts receivable increased by   25,000   Inventories increased by   5,000   Cash dividends paid were   14,000   Depreciation expense was   20,000   Net cash provided by operating activities was:

Return on assets is often stated in ratio form as the amount of average total assets divided by income.

A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals:

When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except: