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ACCT 304 Quiz 3 Solution

ACCT 304 Quiz 3 Solution
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ACCOUNTING

ACCT 304 Quiz 3

MULTIPLE CHOICE

1. On exercise 4-1, requirement 1, what is the amount of total revenues and gains?

2. On exercise 4-1, requirement 1, what is the total of expenses and losses?

3. On exercise 4-1, requirement 1, what is the EPS for the year that is reported on the face of this financial statement?

4. On exercise 4-3, requirement 1, what is the amount of net income?

5. On exercise 4-3, requirement 1, what is the amount of total earnings per share reported for net income?

6. On exercise 4-14, the correct answer for number #1 is for purchases of equipment made for cash is Investing Activities? True False

7. On exercise 4-14, the correct answer for #3 for collection of cash from customers is Noncash investing and financing activities? True False

8. On exercise 4-14, the correct answer for #7 sale of machinery for cash is Operating Activities? True False

9. On exercise 4-14, the correct answer for #6 issuance of common stock for cash is Financing Activities? True False

10. On exercise 4-14, the correct answer for #9 issuance of bonds payable in exchange for land and building is Operating Activities?

11. On exercise 4-15, what is the net cash inflows from operating activities?

12. On exercise 4-15, what is the net cash outflows from investing activities?

13. On exercise 4-15, what is the net cash inflows from financing activities?

 

FILE: MS WORD

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