Acct 504 Essay Example

| Question : | (TCO A, B, C) Which type of corporate information is not available to investors? | | | Student Answer: | | Dividend history | | | | Forecast of cash needs for the upcoming year | | | | Cash provided by investing activities | | | | Beginning cash balance | | Instructor Explanation: | Chapter 1 page 11 | | | | Points Received: | 0 of 3 | | Comments: | | | |

2. | Question : | (TCO C) Issuing shares of stock in exchange for cash is an example of a(n): | | | Student Answer: | | delivering activity. | | | | investing activity. | | | | financing activity. | | | | operating activity. | | Instructor Explanation: | Chapter 1 page 9 | | | | Points Received: | 3 of 3 | | Comments: | | | |

3. | Question : | (TCO C) Buying and selling products are examples of: | | | Student Answer: | | operating activities. | | | | investing activities. | | | | financing activities. | | | | delivering activities. | | Instructor Explanation: | Chapter 1 page 10 | | | | Points Received: | 3 of 3 | | Comments: | | | |

4. | Question : | (TCO A) The best definition of assets is, the | | | Student Answer: | | cash owned by the company. | | | | collections of resources belonging to the company and the claims on these resources. | | | | Owners' investment in the business. | | | | resources belonging to a company that offer future benefits to the company. | | Instructor Explanation: | Chapter 1 page 9 | | | | Points Received: | 0 of 3 | | Comments: | | | |

5. | Question : | (TCO C) Jamie Company recorded the following cash transactions for the year:

Paid $70,000 for salaries.
Paid $20,000 to purchase office equipment.
Paid $6,000 for utilities.
Paid $7,000 in dividends.
Collected $130,000 from customers.

What was Jamie's net cash provided