A: Purchase of equipment with cash
B: Payment of the liability with cash
C: Investment of cash in the business by the owner
D: Sale of equipment for cash at cost
举一反三
- Which of the following would be considered an operating activity on the statement of cash flows?( ) A: Dividends paid to stockholders B: The sale of inventory C: Payment to purchase equipment D: The receipt of cash from sale of equipment
- Which of the following items are non-current assets of a business? A: cash B: property C: equipment D: inventory
- The following duties related to cash business that can not be separated is ( ). A: Cash keeping and cash journal recording B: Cash accounting record and audit supervision C: Approval and execution of cash payment D: Cash keeping and recording of the general cash ledger
- Which of the following statement is true? A: All the assets of a business are belong to the owner(s) of the company. B: Equity financing means cash investment to the business by the owner(s) . C: A company also can be financed through internally generated cash. D: None of the above
- Which of the following is the liability business of commercial Banks? A: issuance of large negotiable certificates of deposit B: cash on hand C: buying government bonds D: agent payment
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- 0
- Which of the following is shown in the statement of cash flows? A: Depreciation B: Cash flows from charitable donations C: Cash flows from profits of the business D: None of the above
- 1
Johnson Corporation recently borrowed $10,000 cash from the bank. Which of the following was affected by this transaction? A: Cash B: Land C: Accounts receivable D: Owner's equity
- 2
Which of the following statements is false （ ) A: Payback period is the time in which the initial cash outflow of an investment is expected to be recovered from the cash inflows generated by the investment. B: Payback period usually expressed in years or months. C: Annual cash flow is variable D: Payback Period = Initial Cost / Annual cash inflow
- 3
Unearned revenue is a() ( ) A: Asset because the economic benefit will flow into the business B: Liability because the present obligation arise and the future economic benefit will flow out of the business C: Revenue because money flow into the business D: Owners ’equity because you collected the cash in advance
- 4
A balance sheet reports:（ ）. A: the assets, liabilities, and owner’s equity on a particular date. B: the difference between revenues and expenses during the period. C: the change in the owner’s equity during the period. D: the cash receipts and cash payments during the period.