51) Which of the following would be considered a financing activity that decreases cash on the statement of cash flows?
A) The company pays a long-term loan.
B) The company sells common stock.
C) The company purchases a building.
D) The company pays its monthly utility bill.
52) A company's main source of cash should be:
A) operating activities.
B) financing activities.
C) investing activities.
D) noncash investing and financing activities.
53) On a statement of cash flows, cash receipts are reported as:
A) positive amounts.
B) negative amounts.
C) in parentheses.
D) operating activities only.
54) All of the following line items are found on the income statement EXCEPT for:
A) cost of goods sold.
B) interest expense.
C) operating expense.
D) dividends declared.
55) All of the following line items are found on the balance sheet EXCEPT for:
A) current maturities of long-term debt.
B) accounts payable.
C) treasury stock.
D) dividends declared.
56) All of the following line items are found on the Statement of Cash Flows EXCEPT for:
A) net cash used by investing activities.
B) net cash provided by operating activities.
C) net cash used by financing activities.
D) total stockholders' equity.
57) Current assets as reported on the Balance Sheet do NOT include:
A) cash equivalents.
B) inventory.
C) prepaid insurance.
D) goodwill.
58) Current liabilities as reported on the balance sheet do NOT include:
A) current maturities of long-term debt.
B) income taxes payable.
C) salaries payable.
D) treasury stock.
59) Stockholders' equity as reported on the Balance Sheet does NOT include:
A) short-term investments.
B) common stock.
C) retained earnings.
D) additional paid-in capital.