Question: Universal Studios uses the indirect method to prepare their Statement of Cash Flows. When the Operating Section of the Statement of Cash Flows is prepared


Universal Studios uses the indirect method to prepare their Statement of Cash Flows. When the "Operating Section of the Statement of Cash Flows is prepared by Universal Studios, which of the following financial statements or sections in the financial statement are used? (Select ALL that Apply) Long-term liabilities from the balance sheet Stockholders' equity from the balance sheet. Current liabilities from the balance sheet. Current assets from the balance sheet. Income statement Long-term assets from the balance sheet. On December 1st, Orkin Pest Control received cash from a customer in the amount of $24,000 that was an advance payment for services to be provided over the next 8 months. On 12/1, when the business transaction was recorded by Orkin, what amount, if any, would be recorded for Service Revenue? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Intel needed to raise money to purchase additional long-term assets, so on 1/1 they made a new bond issuance in the amount of $500,000,000. How would Intel record the journal entry for the bond issuance on 1/1? (Select ALL that apply) Debit to Cash Debit to Bonds Payable Credit to Accounts Receivable Credit to Cash Credit to Bonds Payable Debit to Current Portion Long-term Debt Debit to Accounts Receivable Credit to Current Portion Long-term Debt
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