Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 16, Problem 7MC
What is the effect on cash when current noncash operating assets increase?
A. Cash increases by the same amount.
B. Cash decreases by the same amount.
C. Cash decreases by twice as much.
D. Cash does not change.
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What is the effect on cash when current liabilities increase?
A. Cash increases by the same amount.
B. Cash decreases by the same amount.
C. Cash decreases by twice as much.
D. Cash does not change.
If current assets other than cash increase, what is the effect on cash? What about a decrease in current assets other than cash?
Which of the following would be classified as a use of cash?
a. An increase in depreciation.
b. A decrease in accounts receivable.
c. A decrease in accruals.
d. Both decrease in accounts receivable & decrease in accruals
e. All of these
Chapter 16 Solutions
Principles of Accounting Volume 1
Ch. 16 - Which of the following statements is false? A....Ch. 16 - Which of these transactions would not be part of...Ch. 16 - Which is the proper order of the sections of the...Ch. 16 - Which of these transactions would be part of the...Ch. 16 - Which of these transactions would be part of the...Ch. 16 - Which of these transactions would be part of the...Ch. 16 - What is the effect on cash when current noncash...Ch. 16 - What is the effect on cash when current...Ch. 16 - What is the effect on cash when current noncash...Ch. 16 - What is the effect on cash when current...
Ch. 16 - Which of the following would trigger a subtraction...Ch. 16 - Which of the following represents a source of cash...Ch. 16 - Which of the following would be included in the...Ch. 16 - If beginning cash equaled $10,000 and ending cash...Ch. 16 - Which of the following is a stronger indicator of...Ch. 16 - What function does the statement of cash flows...Ch. 16 - Is it possible for a company to have significant...Ch. 16 - What categories of activities are reported on the...Ch. 16 - Describe three examples of operating activities,...Ch. 16 - Describe three examples of investing activities,...Ch. 16 - Describe three examples of financing activities,...Ch. 16 - Explain the difference between the two methods...Ch. 16 - Why is depreciation an addition in the operating...Ch. 16 - When preparing the operating section of the...Ch. 16 - If a company reports a gain/(loss) from the sale...Ch. 16 - Note payments reduce cash and are related to...Ch. 16 - Is there any significance that can be attributed...Ch. 16 - Would there ever be activities that relate to...Ch. 16 - What insight does the calculation of free cash...Ch. 16 - Why is using the direct method to prepare the...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - Use the following information from Albuquerque...Ch. 16 - What adjustment(s) should be made to reconcile net...Ch. 16 - Use the following information from Birch Companys...Ch. 16 - Use the following information from Chocolate...Ch. 16 - Use the following information from Denmark...Ch. 16 - Use the following excerpts from Eagle Companys...Ch. 16 - Use the following excerpts from Fruitcake Companys...Ch. 16 - Use the following excerpts from Grenada Companys...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Use the following excerpts from Kirsten Companys...Ch. 16 - Use the following excerpts from Franklin Companys...Ch. 16 - The following are excerpts from Hamburg Companys...Ch. 16 - Use the following excerpts from Algona Companys...Ch. 16 - Use the following excerpts from Huckleberry...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - Use the following information from Hamlin Companys...Ch. 16 - What adjustment(s) should be made to reconcile net...Ch. 16 - Use the following excerpts from Indigo Companys...Ch. 16 - Use the following information from Jumper Companys...Ch. 16 - Use the following information from Kentucky...Ch. 16 - Use the following excerpts from Leopard Companys...Ch. 16 - Use the following information from Manuscript...Ch. 16 - Use the following excerpts from Nutmeg Companys...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Use the following excerpts from Indira Companys...Ch. 16 - Use the following excerpts from Bolognese Companys...Ch. 16 - The following shows excerpts from Camole Companys...Ch. 16 - Use the following excerpts from Brownstone...Ch. 16 - Use the following excerpts from Jasper Companys...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - Use the following information from Acorn Companys...Ch. 16 - Use the following information from Berlin Companys...Ch. 16 - Use the following information from Coconut...Ch. 16 - Use the following information from Dubuque...Ch. 16 - Use the following information from Eiffel Companys...Ch. 16 - Analysis of Forest Companys accounts revealed the...Ch. 16 - Use the following excerpts from Zowleski Companys...Ch. 16 - Use the following excerpts from Yardley Companys...Ch. 16 - Use the following excerpts from Wickham Companys...Ch. 16 - Use the following excerpts from Tungsten Companys...Ch. 16 - The following shows excerpts from financial...Ch. 16 - Use the following excerpts from Fromera Companys...Ch. 16 - Use the following excerpts from Victrolia Companys...Ch. 16 - Use the following cash transactions relating to...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - Use the following information from Grenada...Ch. 16 - Use the following information from Honolulu...Ch. 16 - Use the following information from Isthmus...Ch. 16 - Use the following information from Juniper...Ch. 16 - Use the following excerpts from Kayak Companys...Ch. 16 - Analysis of Longmind Companys accounts revealed...Ch. 16 - Use the following excerpts from Stern Companys...Ch. 16 - Use the following excerpts from Unigen Companys...Ch. 16 - Use the following excerpts from Mountain Companys...Ch. 16 - Use the following excerpts from OpenAir Companys...Ch. 16 - The following shows excerpts from financial...Ch. 16 - Use the following excerpts from Swansea Companys...Ch. 16 - Use the following excerpts from Swahilia Companys...Ch. 16 - Use the following cash transactions relating to...Ch. 16 - Use a spreadsheet and the following financial...Ch. 16 - Consider the dilemma you might someday face if you...Ch. 16 - If you had $100,000 available for investing, which...
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- What is the effect on cash when current liabilities decrease? A. Cash increases by the same amount. B. Cash decreases by the same amount. C. Cash decreases by twice as much. D. Cash does not change.arrow_forwardWhat is the effect on cash when current liabilities increase? A. Cash increases by the same amount. B. Cash decreases by the same amount. C. Cash decreases by twice as much. D. Cash does not change.arrow_forwardWhich one of the following is a source of cash? A. decrease in accounts receivableB. decrease in accounts payable C. decrease in common stockD. increase in inventoryarrow_forward
- True or false. a decrease in cash assets is a debit?arrow_forwardAn increase in Accounts Receivables is : a A negative item for calculating Operating Cash Flow b Not included in the calculation of Operating Cash Flow. c A capital expenditure. d A positive item for calculating Operating Cash Flowarrow_forwardWhich of the following is a cash inflow? a. an increase in dividend payment b. a decrease in accrued liabilities c. a decrease in accounts receivable d. a decrease in accounts payablearrow_forward
- Why is this statement false? The balance sheet shows why cash increased or decreased.arrow_forwardCash flow from operating activities is increased by: a. depreciation and amortization b. a decrease in accounts receivable c. a decrease in inventory d. an increase in accounts payable e. all of thesearrow_forwardWhich one of the following will decrease the length of the cash cycle O a. Increase in inventory period O b. Increase in accounts receivable period C .Increase in accounts payable period d. Decrease in accounts payable periodarrow_forward
- would these be correct? What would be ?arrow_forwardDoes the statement of cash flows report only transactions that cause an increase or a decrease in cash? Explain.arrow_forwardTRUE OR FALSE. IF FALSE CORRECT THE SENTENCE. A. True OR False: Deferred Annuities are annuities that have payments that don't begin until after the end of the second period. B. Uniform gradient cash flow is a cash flow that increases by a uniform amount each period, beginning at the end of period one.arrow_forward
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