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Find cash flows from operating activities to be reported

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Reference no: EM132807005

Problem 1: Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flows?

a. cash

b. cash and money market funds

c. cash and cash equivalents

d. cash and U.S. treasury bonds

Problem 2: Which of the following can be found on the statement of cash flows?

a. cash flows from operating activities

b. total assets

c. total changes in stockholders' equity

d. changes in retained earnings

Problem 3: Accounts receivable from sales transactions were $44,000 at the beginning of the year and $53,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is

a. $96,000

b. $105,000

c. $114,000

d. $158,000

Reference no: EM132807005

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