Cash Receipts from interest and dividends are dassified as: a.) Financing Activi

Question

Cash Receipts from interest and dividends are dassified as: a.) Financing Activities b.) Investing Activities c.) Operating Activities d.) Either Financing/Investing Activities Cash Generated from operations exceeds investing needs, and the company can begin retiring debt during the: a.) Introductory Phase b.) Growth Phase C.) Maturity Phase d.) Decline Phase ts receivable have increased during the period: a.) Revenues on an accrual basis are less than revenues on a cash basis b.) Revenues on an accrual basis are greater than revenues on a cash basis c.) Revenues on an accrual basis are the same as revenues on a cash basis d.) Expenses on an accrual basis are greater than expenses on a cash basis

Explanation / Answer

Answer 1

Cash Receipts from interest and dividends are classified as Investing Activities

Answer 2

Cash generated from operations exceeds investment needs and the company can begin retiring debt during the Matutiry Phase.

Answer 3

If accounts receivable have increased during the period:

Revenues on an accrual basis are greater than revenues on a cash basis

Answer 5

Gain on Sale of Building is 81,000

Total Sale Consideration for sale = 681,000

Operating Activities = (81,000)

Investing Activities = 681,000

Net Income         (15,000) Depreciation              9,000 Gain in Sale of Equipment Changes in working capital: Decrease in Accounts Receivable              7,500 Increase in Inventory         (12,000) Increase in accounts payable           15,000 Cash generated form Operating Activities              4,500

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