Income tax paid should be shown separately as the cash flows from----------- activities. a) Financing b) Investing c) Operating d) Others

Income tax paid should be shown separately as the cash flows from----------- activities. a) Financing
b) Investing
c) Operating
d) Others
by

1 Answer

Answer :

c) Operating
by

Related questions

Cash payment on redemption of debenture is an example of cash flow from _________ activities a) Operating b) Investing c) Financing d) Others

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Last Answer : c) Financing

Provision for tax is shown as a part of-----------activity a) financing b) investing c) operating d) others

Description : Provision for tax is shown as a part of-----------activity a) financing b) investing c) operating d) others

Last Answer : c) operating

Dividend paid are classified under-------------------activities a) Financing b) Investing c) Operating d) Other

Description : Dividend paid are classified under-------------------activities a) Financing b) Investing c) Operating d) Other

Last Answer : a) Financing

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Last Answer : c) Cash flow from investing activity

Cash receipts from royalties is an example of cash flow from__________ a) Investing activities b) Financing activities c) Operating activities d) None of these

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Last Answer : a) Investing activities

Buy back of shares is shown under----------------------- a) operating activities b) investing activities c) financing activities d) none of these

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Cash payment suppliers of goods and services are shown under-------------. a) Operating b) Financing c) Investing

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Last Answer : a) Operating

Rent received by a company (whose main business is real estate) is classified as a) Investing activity b) Financing activity c) Operating activity d) Cash equivalent

Description : Rent received by a company (whose main business is real estate) is classified as a) Investing activity b) Financing activity c) Operating activity d) Cash equivalent

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Proposed dividend is classified as----------- a) Investing activity b) Financing activity c) Operating activity d) Cash equivalent

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Last Answer : c) Operating activity

Purchase of fixed asset is classified as------activity a) financing b) investing c) operating d) others

Description : Purchase of fixed asset is classified as------activity a) financing b) investing c) operating d) others

Last Answer : Purchase of fixed asset is classified as------activity a) financing b) investing c) operating d) others

In the case of financial enterprises, the cash flow resulting from interest and dividend received and interest paid should be classified as cash flow from A. Operating activities B. Financing activities C. Investing activities D. None of the above

Description : In the case of financial enterprises, the cash flow resulting from interest and dividend received and interest paid should be classified as cash flow from A. Operating activities B. Financing activities C. Investing activities D. None of the above

Last Answer : A. Operating activities

Sale of patent is classified under--------- a) Investing activity b) Financing activity c) Operating activity d) None of these

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Last Answer : c) Operating activity

Profit on sale of machinery comes under------------ a) Investing activity b) Financing activity c) Operating activity d) None of these

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Last Answer : D. Operating activities, financing activities and investing activities

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Last Answer : B. operating

Cash flow from financing activities include payment of interest on borrowing and___ to share holders a) Dividend b) Interest c) Bonus d) Bonus shares

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Last Answer : a) Dividend

When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________. A. Operating activities, financing activities B. Financing activities, investing activities C. Investing activities, operating activities D. None of the above

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Last Answer : B. Financing activities, investing activities

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Last Answer : D. Method of project financing

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Last Answer : b. pay within the discount period and recognize a savings.

Investment costing Rs.50,000 at the loss of Rs.3,000 cash outflow in investing activity is -------- a) Rs.53,000 b) Rs.50,000 c) Rs.47,000 d) Rs.48,000

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Last Answer : c) Rs.47,000

Which of the following is not a true statement about a multiple-step income statement? a. Operating expenses are often classified as selling and administrative expenses. b. There may be a section for nonoperating activities. c. There may be a section for operating assets. d. There is a section for cost of goods sold.

Description : Which of the following is not a true statement about a multiple-step income statement? a. Operating expenses are often classified as selling and administrative expenses. b. There may be a section for nonoperating ... be a section for operating assets. d. There is a section for cost of goods sold.

Last Answer : c. There may be a section for operating assets.

Two categories of expenses for merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses and financing expenses. c. cost of goods sold and operating expenses. d. sales and cost of goods sold.

Description : Two categories of expenses for merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses and financing expenses. c. cost of goods sold and operating expenses. d. sales and cost of goods sold.

Last Answer : c. cost of goods sold and operating expenses.

Cash flows include a) Cash payments only b) Cash receipts only c) Cash receipts and payments d) Cash and noncash incomes and expenses.

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Last Answer : c) Cash receipts and payments

When the liquated company has adequate cash to pay off all liabilities , the interest on liabilities should be paid : a) Upto the date of commencement of insolvency proceedings b) Upto the date of actual payment of liabilities c) Upto the date of payment to shareholders d) None of the these

Description : When the liquated company has adequate cash to pay off all liabilities , the interest on liabilities should be paid : a) Upto the date of commencement of insolvency proceedings b) Upto the date of actual payment of liabilities c) Upto the date of payment to shareholders d) None of the these

Last Answer : d) None of the these

Net Assets of D.Co. for Purchase Consideration worth Rs. 4,00,000. At the time of absorption, the company has paid 32,000 equity shares each of Rs.10 each at 10% premium, then remaining cash will be - (A) Rs. 48,000 (B) Rs. 84,000 (C) Rs. 80,000 (D) Rs. 90,000

Description : Net Assets of D.Co. for Purchase Consideration worth Rs. 4,00,000. At the time of absorption, the company has paid 32,000 equity shares each of Rs.10 each at 10% premium, then remaining cash will be - (A) Rs. 48,000 (B) Rs. 84,000 (C) Rs. 80,000 (D) Rs. 90,000

Last Answer : (A) Rs. 48,000

If the intrinsic values of shares exchanged are not equal, the difference is paid in ........... (A) Cash (B) Debenture (C) Pref. share (D)Assets

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The basic capital budgeting principles involved in determining relevant after-tax incremental operating cash flows require us to . A. include sunk costs, but ignore opportunity costs B. include opportunity costs, but ignore sunk costs C. ignore both opportunity costs and sunk costs D. include both opportunity and sunk costs

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Last Answer : B. include opportunity costs, but ignore sunk costs

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Last Answer : b. in operating expenses for the seller.

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Last Answer : a) Opening balance

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Last Answer : (D) All (A), (B) and (C)

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Last Answer : b. cash in producing revenues.

Purchase of building by issue of debenture is a---------item and it is ignored in cash flow statement a) cash b) non-cash c) non-operating d) current

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To arrive at funds from operation ,non-cash expenses must be added to---------- a) Net profit b) Gross profit c) Operating profit d) None of these

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Last Answer : a) Net profit

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Last Answer : d) net profit plus non-cash expenses plus decrease in current

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Last Answer : d. an asset that a company expects to convert to cash or use up within one year.

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ommon size Income Statement present the various items as a percentage of ---------------- a) Sales b) Credit sales c) Cash sales

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Last Answer : c. cost of goods sold, net sales revenue

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Last Answer : b. $19,500.

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Last Answer : b. Operating expenses

. Income from operations will always result if a. the cost of goods sold exceeds operating expenses. b. revenues exceed cost of goods sold. c. revenues exceed operating expenses. d. gross profit exceeds operating expenses.

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Last Answer : b. revenues exceed cost of goods sold.

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Description : With respect to the income statement, a. contra-revenue accounts do not appear on the income statement. b. sales discounts increase the amount of sales. c. contra-revenue accounts increase the amount of operating expenses. d. sales discounts are included in the calculation of gross profit.

Last Answer : d. sales discounts are included in the calculation of gross profit.

Which of the following expressions is incorrect? a. Gross profit – operating expenses = operating income b. Sales – cost of goods sold – operating expenses = operating income c. Operating income + operating expenses = gross profit d. Operating expenses – cost of goods sold = gross profit

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Description : aAfter gross profit is calculated, operating expenses are deducted to determine a. gross margin. b. operating income. c. gross profit on sales. d. net margin.

Last Answer : b. operating income.