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Question
A decrease in prepaid expenses of $8,000 for the year
A. decreases cash flow from operating activities by $8,000.
B. increases cash flow from operating activities by $8,000.
C. decreases cash flow from operating activities by $16,000.
D. increases cash flow from operating activities by $16,000.
Answer
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Related questions
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Increase in prepaid expenses: $14,000
Amortization of discount on bonds payable: $10,000
Decrease in accounts payable: $20,000
Increase in inventory: $21,000
Dividends declared: $39,000
Dividends paid: $36,000
Increase in accounts receivable: $30,000
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Q:
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D. The company must have participating preferred stock outstanding.
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A. Outstanding convertible bonds.
B. Outstanding convertible preferred stock.
C. Outstanding cumulative preferred stock.
D. Outstanding stock options.
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Assuming that the preferred stock is cumulative, and that there are no dividends in arrears, what is the maximum dividend that may be distributed to common shareholders at December 31, 2012?
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What is the owners' equity balance on December 31, 2012?
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B. It is the prevailing view of GAAP.
C. Its focus is on owners' equity.
D. Whether creditors or shareholders provided the firm's assets is irrelevant.
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SFAS No. 123 required companies to use the fair value approach when determining compensation expense pertaining to stock options.