Which of the Following Activities Affects Profit, but Has No

question 99

Multiple Choice

Which of the following activities affects profit, but has no immediate impact upon cash flows?

• A) Collection of an account receivable.
• B) Making the end-of-period adjustment to record estimated uncollectible accounts.
• C) Investing excess cash in investments in securities.
• D) Write-off of an uncollectible account receivable against the allowance.

Identify the elements of the balanced scorecard and their roles.

Recognize the four performance perspectives in the balanced scorecard and their focuses.

Understand the core principles of lean manufacturing.

Recognize the distinction between lean manufacturing and traditional manufacturing philosophies.

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Definitions:

Par Value

The face value of a stock or bond, representing the nominal or dollar value assigned when issued.

Debentures

A type of long-term debt instrument unsecured by physical assets or collateral, relying on the creditworthiness and reputation of the issuer.

Pledged As Collateral

Assets that are offered as security for the repayment of a loan, where the lender has the right to take possession of the assets if the borrower defaults on the loan obligations.

Present Values

The monetary value now of a future lump sum or cash flow series, taking into account a particular rate of return.