1. When preparing the operating activities section of the statement of cash flow

Question

1. When preparing the operating activities section of the statement of cash flows using the indirect method, a decrease in accounts recievable is subtracted from net income.

True or False

2. Financing activites include receiving cash dividends from investments in other companies' stocks.

True or False

3. Process cost accounting systems are commonly used by companies that manufacture standardized products by passing them through a series of manufacturing steps.

True or False

4.Classifying costs by behavior involves:
A) Identifying fixed cost and variable cost.
B) Identifying costs in a physical manner.

Explanation / Answer

Hi,

Please find the answer as follows:

Part 1:

True

Part 2:

True

Part 3:

True

Part 4:

Identifying fixed cost and variable cost.

Thanks.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.