Homework 1

refer to the photo

Question 11 What's used to validate the bank and credit card account balances on a balance sheet? Trial balance Transaction Detail report filtered by account Reconciliation reports O Cash flow projection Statement of Changes in Financial Position

In cash flow statement, opening balances of bank balance is posted in which side of the statement [A] sources of cash [B] application of cash [C] sources of funds [D] application of funds

Cash borrowed on a mortgage note is​ a(n) ________ activity on the statement of cash flows. Question content area bottom Part 1 A. operating B. investing C. financing D. noncash investing and financing

When income is to be recognized on cash basis. by Safe Trust Bank, a distinction should be made  between  a. Banking and Non-banking assets  b. Monetary and Non-banking assets  c. Current and Non-current assets  d. Performing and Non-performing assets

Please do not give image format

Which section of the statement of cash flows shows cash inflows and outflows from the issue and repayment of loans?  A. Fiancing  B. Operating  C. Investing  D. None of the Above

Below is the ledger of XYZ Company Account Titles Accounts Receivable Accumulated depreciation - Buildings Accumulated depreciation - Furniture and Fixtures Accumulated depreciation - Manufacturing Equipments Allowance for Doubtful Accounts Bonds Payable Buildings Cash in Bank Cash on Hand Current portion of Long-term Notes Payable Finished goods Furnitures and Fixtures Income Taxes Payable Land Leasehold Improvements Long-term Notes Payable Manufacturing Equipments Money Market Fund Mortgage Payable Patents Amount 259,345.00 484,180.00 139,766.00 182.228.00 54,300.00 560,000.00 1,152,637.00 535,445.00 58,598.00 250,000.00 17,068.00 346,641.00 52,053.00 926,747.00 350,600.00 1,750,000.00 345,234.00 32,578.00 460,000.00 889,467.00

Which of the following is not a cash disbursement item? a. Cash purchases b. Cash dividend payment c. Payments of accounts payable d. Sale of common and preferred stock