E-PolyLearning

1. An annual estimated costs of assets uses up every year are included
a. depreciation and amortization
b. net sales
c. net profit
d. net income
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Answer: (a).depreciation and amortization

2. The proceeds of the company shares of sold stock is recorded in
a. preferred stock account
b. common stock account
c. due stock account
d. preceded stock account
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Answer: (b).common stock account

3. The statement of cash flows are included
a. operating activities
b. investing activities
c. financing activities
d. all of above
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Answer: (d).all of above

4. A company purchases goods but does not pay payments to the suppliers immediately and record them as
a. account payable
b. account receivable
c. current liabilities
d. accumulated liabilities
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Answer: (a).account payable

5. In calculation of net cash flow, the depreciation and amortization are treated as
a. current liabilities
b. income expenses
c. non-cash revenues
d. non-cash charges
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Answer: (d).non-cash charges

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