Reference no: EM132927559
Question -
Q1. The following are data concerning cash received or paid from various transactions for Orange Peels Corporation: Sale of land $100,000
Sale of equipment 50,000
Issuance of common stock 70,000
Purchase of equipment 30,000
Payment of cash dividends 60,000
How much is net cash provided by investing activities in the statement of cash flows?
Q2. The following data are available for Allen Clapp Corporation:
Net income $200,000
Depreciation expense 40,000
Dividends paid 60,000
Gain on sale of land 10,000
Decrease in accounts receivable 20,000
Decrease in accounts payable 30,000
How much is cash provided by operating activities using the indirect method for the statement of cash flows?
Q3. What are the MIS reports?
Q4. Define the term material facts in accounting
Q5. What do we mean by purchase return in accounting?
Q6. Define dual aspect term in accounting
Q7. How much statistics knowledge is necessary or required in accounting?
Q8. Define balancing in accounting?
Q9. Differentiate between consignor and consignee.
Q10. What is capital expenditure.