Question: Intermediate Accounting- help needed ) The occurrence that most likely would have no effect on 2012 net a) collection in 2012 of a dividend from

Intermediate Accounting- help needed  Intermediate Accounting- help needed ) The occurrence that most likely would

) The occurrence that most likely would have no effect on 2012 net a) collection in 2012 of a dividend from an investment. b) sale in 2012 of an office building contributed by a stockholder in 1961 c) correction of an error in the financial statements of a prior period discovered subsequent to their issuance. d) stock purchased in 1996 deemed worthless in 2012. 48) Preparing the statement of cash flows involves all of the following except determining the a) cash provided by operations. b) change in cash during the period. c) cash provided by or used in investing and financing activities. d) cash collections from customers during the period 49) One criticism not normally aimed at a balance sheet prepared using current accounting and reporting standards a) an extensive use of estimates b) failure to reflect current value information c) failure to include items of financial value that cannot be recorded objectively. d) the extensive use of separate classifications. 50) The tatement of cash flows helps meet one of the objectives of financial reporting. which is to assess a following except the a) source of future cash flows b) amount of future cash flows. c) timing of future cash flows d) uncertainty of future cash flows

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