Multiple choice

Moving to another question will save this response Question 5 The information to prepare the statement of cash flows comes from all of the following sources except e A Current income statement Additional transaction data about cash provided or used during the period c omparative balance sheets OD Adjusted trial balance Moving to another question will save this response. Type here to search Moving to another question will save this response Question 6 in calculating net cash provided by operating activities using the indirect method, an increase in prepaid insurance during a periodis O A Ignored because it does not affect income OB Ignored because it does not affect expenses ec Added to net income Deducted from net income Moving to another question will save this response Type here to search Moving to another question will save this response. Question 7 Which of the following adjustments would be added in determining net cash provided by operating activities prepared using the indirect method? O A Amortization expense. O e Decrease in accrued expenses payable oc Gain on disposal of plant assets Op Increase in inventories. Moving to another question will save this response Type here to search Moving to another question will save this response. Question 8 Which one of the following affects cash during a period? O A Collection of an accounts receivable B. Declaration of a cash dividend c. Wnte-off of an uncollectible account receivable D. Recording depreciation expense & Moving to another question will save this response. o Type here to search