Please answer Q51,52,55 51. If cash provided by operating activities is $100,000

Question

Please answer Q51,52,55

51. If cash provided by operating activities is $100,000 then: A. B. C. D. Accrual net income must be greater than $100,000 Accrual net income must be less than $100,000 Accrual income is the same as cash income One cannot determine the accrual net income without further analysis . A company reports a cash inflow related to financing activities. Based on that information it is most likely that: The company is borrowing money The company is repaying debt The company is selling long term assets The company is buying long term assets The company is paying for inventory purchases A. B. C. D. E. 53. The following accounts are considered non-cash revenue or non-cash expenses in the operating activities section of a Cash Flow Statement EXCEPT: A. Depreciation Expense Gain on Sale of long term assets Income Tax Expense Loss on Sale of land All of the above are considered non-cash accounts B. C. D. E. 54. The payment of rent would appear: A. B. C. D. On the income statement as part of cost of goods sold On the balance sheet with the current liabilities On the income statement as revenue On the statement of cash flows within operating activities Equipment that cost $85,000 and on which $45,000 of accumulated depreciation has been recorded was sold for $47,000 cash. The sale of this asset results in: A. Cash inflow of $7,000 as an investing activity B. Cash outflow of $7,000 as an investing activity C. Cash inflow of $47,000 as an investing activity D. Cash outflow of $47,000 as an investing activity 55. E. None of the above

Explanation / Answer

51)correct option is "D"

More information is needed to calculate whether accrual income is more than ,less than or equals to cash flow from operating activity

52)correct option is "A"

Borrowing money is a part of financing activity that will result in cash inflow

55)correct option is "C"

Cash Inflow of $ 47000 is a part of investing activity as sale of asset is a investment activity.

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