Difference between source and use of funds?   A decrease in Accounts Payable is a ( SOURCE / USE) of funds. A decrease in inventory is a ( SOURCE / USE) of funds. A purchase of Fixed Assets is a ( SOURCE / USE) of funds.

Q: The advance cash receipts of future revenues are called​ ________.         A. accrued expenses   B.…

A: Deferred revenues/Unearned sales Revenue: Unearned sales Revenue means money received from the…

Q: Multiple Choice Are revenues. Increase income. Are liabilities. Are not allowed under GAAP. Require…

A: When a company receives money in advance of earning it, the accounting entry is a debit to the asset…

Q: In the calculation of cash flow from operating activities, the loss on the disposal of noncurrent…

A: When the company dispose any asset with a proceeds amount less than the book value of the asset ,…

Q: How is a decrease in current liabilities handled? A. It is subtracted from current assets in the…

A: The correct option is (C) It is subtracted from net income in the cash flow from Operating…

Q: and

A: Answer: Income statement-Negative effect: Inventories are not recorded in the income statement.…

Q: If the total asset is smaller than total liabilities and equity on the balance sheet, what does that…

A: If total asset is smaller than total liabilities and equity then it means there is surplus of…

Q: Gains and losses on disposals of assets: Why are gains and losses on disposals of assets treated as…

A: Gains and losses on disposal of assets are notional gains and losses reported in the income…

Q: Which one of these cash flow measures has been reduced by additions to PP&E (which are called…

A: Property, plant and equipment(PPE) is a capital expenditure, it cause outflow of funds.

Q: Which of the following will NOT appear in the cash flows from operating activities?

A: Answer:   Option e.

Q: gress Credits decrease both assets and liabilities. increase both assets and liabilities. decrease…

A: There are two components involved while passing an accounting entry, they are Debits Credits

Q: Any transaction between a current account and another current account does not affect [A] profit…

A: Working capital: The measure which evaluates the ability of a company to pay off the short-term debt…

Q: Which of the following should be deducted from net income in computing net cash flows from operating…

A: Introduction: Statement of cash flows: All cash in and out transactions in an accounting period is…

Q: lassification of Changes in Short-Term Financing. The statement of cashflows classifies changes in…

A: Cash flow statement is the financial statement that reports the cash and cash equivalents entering…

Q: tion of the financial system allows funds to flow from the surplus spending units to the deficit…

A: Step 1 One of the most significant components of contemporary civilization is the financial…

Q: rue or false. a decrease in cash assets is a debit?

A: Asset represents resources of the entity that are used in the process of revenue generation of…

Q: Match the cash expenditures given below with the appropriate accounting treatment. An individual…

A: Given are some transactions for which we have to specify the correct treatment.

Q: um of Year's Digit is established in which funds will accumulate for replacemen

A: There are many methods of determining the depreciation and each and every method has own advantages…

Q: If the balance in Prepaid Expenses increased during theyear, what action should be taken on the…

A: Increase in Prepaid Expense means that cash is paid for the future expenses in advance.

Q: 10

A: Cash flow refers to the total amount of cash and its equivalents that travel in and out of a company…

Q: Quick assets include cash,  temporary investments,  inventory,  and receivables.   True or false?

A: Quick assets: Quick assets refer to those assets that can be immediately and easily converted into…

Q: When Balance Sheets are being prepared, Assets and Liabilities are recorded at the current values,…

A: The correct answer for the above mentioned questions in the following steps for your reference.

Q: Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as an…

A: (U.S. GAAP) GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ARE COLLECTION OF THE ACCOUNTING RULES AND…

Q: An increase in Accounts Receivables is :  a A negative item for calculating Operating Cash Flow  b…

A: Accounts receivables is that amount of the total sales which customers still owe to the firm.

Q: Which of the following should be subtracted from net income in computing net cash flows from…

A: Introduction: Statement of cash flows: All cash in and out flows are shown in statement of cash…

Q: more than one answers is correct ( )Which of the following should NOT be added to net income in…

A: In calculation of cash flow from Operating Activities using indirect method, the following…

Q: deficit

A: If the total asset is smaller than total liabilities and equity on the balance sheet it means a…

Q: If the indirect method is used to calculate net cash provided by operating activities, adecrease in…

A: Cash flow statement: To know the cash position in the organisation statement of cash flows is…

Q: To determine cash payments for operating expenses for the statement of cash flows using the direct…

A: Operating expenses: These are the expenses that a business incur through its normal business  and…

Q: In a valuation balance sheet surplus or deficit is difference between: None of these The Life fund…

A: The answer is The net liability of the policies and the net assets

Q: A decrease in Accounts Payable is a ( SOURCE or  USE) of funds?

A: The cash flows statement is used to record cash inflows or cash outflow from the company in order to…

Q: Which of the following should be subtracted from net income in computing net cash flows from…

A:

Q: Which of the following should be subtracted from net income in computing net cash flows from…

A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash…

Q: Why are payments received from customers in advance, for either services to be performed and/or for…

A: Advance payment received from the customer there are two reasons which are mentioned are as follows:…

Q: Revaluation account is normally not credited with which of the following items: Increase in the…

A: Revaluation account is usually prepared to report the variations in the worth of assets and…

Q: Using the indirect method, which of the following adjustments to convert net income to net cash…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: An increase in accounts receivable would affect which section of the cash flow statement?  choices:…

A: Cash flow statement provided information about the cash inflows and cash outflows of the…

Q: The numerator for the quick ratio is calculated by: Select one: a. Deducting inventory and prepaid…

A: The question is related to Ratio Analysis. The Quick Ratio is sometimes called the "acid-test" ratio…

Q: What is meant by liquidity? Rank the following assets from one to five in order of liquidity.…

A: Liquidity is the time period within which an asset can be converted into Cash or a Liability is…

Q: Which of the following accounts would never be reported in the income statement as an expense?…

A: generally all the temporary accounts are closed at the end of fiscal year to the income…

Q: Which of the following will be reflected as a cash inflow in the statement of cash flows of an…

A: Cash flow statements are a vital part of financial statements and are prepared by each and every…

Q: Accrual income attempts to measure the resource inflows and outflows generated by operations during…

A: Accounting:   Accounting is the process of recording the financial transaction of the organization…

Q: explain the purpose of a change fund   explain how cash short and over can be miscellaneous expense

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…