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
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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
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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
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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
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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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