5 easy multiple choice questions. 6)A cash dividend paid to shareholders is repo
ID: 2451641 • Letter: 5
Question
5 easy multiple choice questions.
6)A cash dividend paid to shareholders is reported on the:
a.Financing activities section of the statement of cash flows.
b.Balance sheet.
c.Income statement.
d.Operating activities section of the statement of cash flows.
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7) A high quality of earnings is indicated by:
a.Earnings derived largely from newly introduced products.
b.Declaration of both cash and stock dividends.
c.Use of the FIFO method of inventory during sustained inflation.
d.A history of increasing earnings and conservative accounting methods.
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8) One number expressed as a percentage of another is called:
a.Money changes.
b.Trend percentages.
c.Component percentages.
d.Ratios.
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9) Net income differs from net cash flows from operations because of: rev: 04_09_2015_QC_CS-13072
a.Non-cash expenses such as depreciation.
b.Timing differences between recognizing revenue and expenses and their cash flows.
c.Gains and losses included in net income but classified as investing or financing activities will all cause a difference between net income and cash flows.
d.All of the above.
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10) The changes in financial statement items from a base year to following years are called:
a.Money changes.
b.Trend percentages.
c.Component percentages.
d.Ratios.
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11) Determine the amount of manufacturing overhead given the following information:
a.$7,750.
b.$10,430.
c.$9,750.
d.$11,080.
Explanation / Answer
Solution:
Question 11
Question 6
The answer to the above question is -
a. Financing activities section of the statement of cash flows
As, while preparing the cashflow statement it is subtracted from the financing activities section.
Question 8
The answer to the above question is -
d. Ratios
As ratios can be defined as one number expressed as a percentage to another number.
Question 10
The answer to the above question is -
a. Money changes.
Amount of Manufacturing Overhead Depreciation on a factory building 2,600 Telephone expense in factory office 950 Factory foreman's salary 5,200 Maintenance costs for the factory 1,000 Amount of Manufacturing Overhead 9,750 Therefore, the answer to the above question is c. $ 9,750Related Questions
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