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ACC 291 Principles Of Accounting II Week 5 Practice Questions Chapter 12 Answers

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Phoenix ACC 291 Week 5 Practice Questions Chapter 12 Answers (2017)

  1. The statement of cash flows classifies cash receipts and payments into four activity categories.
  2. Significant noncash activities are a part of the statement of cash flows.

  3. Which of the following is an operating activity?

  4. Which is an example of a cash flow from an investing activity?

  5. During which phase of the corporate life cycle are cash from operations and net income approximately equal?

  6. Which of the following is true about the preparing the statement of cash flows?

  7. Under the indirect method of preparing the statement of cash flows, which of the following is deducted from net income in the operating activities section?

  8. What is the cash debt coverage?

  9. Which of the following is the calculation for free cash flow?

  10. Which of the following items is reported in the operating activities section of a statement of cash flows prepared using the direct method?

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