In Preparing the Statement of Cash Flows for Year 5

question 52

Multiple Choice

In preparing the statement of cash flows for Year 5, internal records indicate that depreciation on manufacturing facilities totaled $500 and on selling and administrative facilities totaled $300 during the year.The firm included these amounts in cost of goods sold and selling and administrative expenses, respectively, in the income statement for Year 5.None of this $800 of depreciation required an operating cash flow during Year 5.The firm reported cash expenditures for these assets as investing activities in the earlier periods when it acquired them.The T-account work sheet entry to explain the change in the Accumulated Depreciation account.

• A)adds back depreciation to net income in deriving cash flow from operations.
• B)subtracts depreciation from net income in deriving cash flow from operations.
• C)adds back depreciation on the selling and administrative facilities, only, to net income in deriving cash flow from operations.
• D)subtracts depreciation on the selling and administrative facilities, only, from net income in deriving cash flow from operations.
• E)none of the above

Recognize the impact of socio-economic background on intellectual development and retardation.

Understand the nature versus nurture debate in the context of intellectual development.

Comprehend the concept of the reaction range and how heredity and environment interact to determine intelligence.

Analyze findings from adoption and twin studies to infer the role of genetics and environment in IQ.

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Military personnel who identify as homosexual or bisexual, focusing on their experiences and rights within the armed forces.

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Progress or developments in the field of law that enhance or change legal practices and policies.

Gay Rights

The fight for equal rights and social acceptance for individuals who identify as homosexual.