1 B C D E F G H 2 The following account information was taken from Zazabor Company's latest income statement 3 4 Revenue 625,000 5 Cost of sales 326,000 6 Selling and marketing expenses 108,800 7 Adminsitrative expenses 98,000 8 Interest expenses 22,000 9 10. The company's income tax rate is 25% 11 12 13 Additionally, the following account information was taken from Zazabor Company's latest Statement of Fianancial Posi 14 Cash 36,100 15 Marketable securities 45,000 16 Trade receivables 28,500 17 Prepaid expenses 10,000 Inventories 39,600 19. Equipment (net) 62,000 20. Building (net) 176,200 21 2 Trade other payables 22,300 Notes payable (due in 1 year) 42,000 18 De Aceite 17 nnn Cover Page Assignment 1 1. What activities does bookkeeping include? a. Collecting, classifying and reporting transactions that take place in the business. b. Recording business transactions in journals. c. Collecting, classifying and reporting the activities that take place in the business. d. Ensuring that all transactions are reported in accordance with accepted accounting principles. 4. What are journals used for in the accounting cycle? a. as the books of final entry b. as the books used to record the days to day activities of a business c. as the books of original entry d. as the source of accounting information to prepare a trial balance a MULTIPLE CHOICE 1. Which heading on the statement of cash flows shows the purchase of non-current ? a operating activities b. financing activities cinvesting activities d cash activities Chapter 3 Statement of Cash Flows - MCO's, Sentence Completion, Problems MULTIPLE CHOICE 1. Which heading on the statement of cash flows show the parchase of non-current assets? a operating activities b. financing activities investing activities d cash activities I 2. How does the statement of cash flows show the cash flow from working capital account? as investing activities bas cash activities c as adjustments in non-cash working capital accounts d as financing activities 2 3. Which heading on the statement of cash flows shows the payment of dividends operating activities cash activities cinvesting activities d financing activities 4 The statement of cash flows shows the following information What is the year-end cash balance? Increase in cash 55.000 chegou 1 000 1. Which heading on the statement of cash flows shows the purchase of current sit? a operating activities financing activities investing activities d cash activities