ACCT 557 Week 6 Quiz
- Question (TCO F) Which of the following would not be disclosed within a statement of cash flow?
- Question (TCO F) Which of the following is not true?
- Question (TCO F) Glitter Girl, Inc. recognized net income of $205,000 including $60,000 in depreciation expense. Additional changes from the balance sheet are as follows.
Accounts Receivable $2,000 decrease
Prepaid Expenses $15,000 decrease
Inventory $36,000 increase
Accrued Liabilities $10,000 decrease
Accounts Payable $40,000 increase - Question (TCO F) Pig Builder’s, Inc. shows the following as of December 31, 2012.
A -c quired 50% of Wolf Corp’s common stock for $160,000 cash,
which was borrowed from Granny’s Bank.
I s-s ued 5,000 shares of its preferred stock for land having a fair value of $320,000
I s-s ued 500 of its 11% debenture bonds, due 2017, for $392,000 cash
P -a id $120,000 toward bank loan.
P -u rchased a patent for $220,000 cash
S -o ld available for sales securities for $796,000
R -e cognized $88,000 net increase in returnable long term customer deposits
Pig’s net cash provided by investing activities for 2012 is - Question (TCO F) Pig Builder’s, Inc. shows the following as of December 31, 2012.
A -c quired 50% of Wolf Corp’s common stock for $160,000 cash which was borrowed from Granny’s Bank.
I s-s ued 5,000 shares of its preferred stock for land having a fair value of $320,000
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