Phoenix ACC 291 Week 5 Quiz Answers (2017)
- Which of the following is an operating activity?
Which is an example of a cash flow from an investing activity?
Hanover, Inc. purchased land through the issuance of long-term bonds. How is this reported on the statement of cash flows?
Under the indirect method of preparing the statement of cash flows, which of the following is added to net income in the operating activities section?
In what section of the statement of cash flows will the issuance of bonds payable to acquire a building be reported?
Which of the following items is reported in the operating activities section of a statement of cash flows prepared using the direct method?
In horizontal analysis of a balance sheet, of what amount is each item expressed as a percentage?
The following schedule is a display of what type of analysis?
Property, plant, and equipment
Ceradyne, Inc. presented the following data for a company:
Total liabilities & stockholders’ equity
How would common stock appear on a common size balance sheet using vertical analysis?
Use the following financial statement information as of the end of each year to answer this question.
Total stockholders’ equity
Cost of goods sold
Dividends paid to preferred stockholders
Dividends paid to common shareholders
Compute the profit margin for 2017.