Which of the following statements is false? a. The statement of cash flows shows how cash has been generated and how it has been used for an accounting period.
b. Firms only have financial difficulties when both the net income and cash flow from operations are negative.
c. The statement of cash flows is prepared by calculating changes in all balance sheet accounts.
d. Understanding how to prepare a statement of cash flows helps the analyst to better understand and analyze the cash flow statement.

Answers

Answer 1

Answer:

Answer:

C. The statement of cash flows is prepared by calculating changes in all balance sheet accounts.

Explanation:

The net cash flow is a profitability measure that determines how much cash a business has generated in a particular year. The difference between cash inflow and cash outflow is the net cash flow. Net cash flow may also be described as the cash a business generates from its normal operations, less the operations and capital expenditures. Some financial statements will have net cash flow expressed at free cash flow.

Cash flow is a pointer of a company's financial strength. Positive cash flow provides the business with the ability to continue operating, develop new products, or extending into new areas. A company with positive cash flow is healthy and can meet its current liabilities.

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Many financial institutions hesitate to make loans on second or third mortgages True or False
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Expenses that are paid in advance are held on the balance sheet until the end of the accounting period when they are transferred to the income statement with accounting adjustments. Select one: True False

Answers

Answer: False

Explanation: The expenses appear directly in the income statement and indirectly in the balance sheet.

It is useful to always read both the income statement and the balance sheet of a company, so that the full effect of an expense can be seen.

At Celgene, the environment is _________ because of the __________ and because of the ___________. Resources are __________.The managers at Celgene are facing conditions of __________ uncertainty. This means that it will be _________ for them to make strategic decisions about the types of products the company will offer in the future.

Answers

Answer: The answers are "dynamic", "pace of change and complex", "number of factors that are changing", "scarce", "high" and "difficult".

Explanation: At Celgene, the environment is dynamic because of the pace of change and complex and because of the number of factors that are changing. Resources are scarce. The managers at Celgene are facing conditions of high uncertainty. This means that it will be difficult for them to make strategic decisions about the types of products the company will offer in the future.

______ ensures fair competition by preventing those who would deceive consumers from diverting trade from those who compete honestly. a) Monopoly b) Regulation c) Antitrust law d) Market competition

Answers

Answer:

The correct answer is c) Antitrust law. Antitrust laws are in place to prevent unfair competition practices and maintain a level playing field in the market. These laws aim to prevent monopolies, regulate mergers and acquisitions, and prohibit anti-competitive behavior such as price fixing and collusion. By enforcing antitrust laws, authorities ensure that consumers have access to a competitive marketplace and that businesses compete fairly.

what happens if a spelling checker does not have a suggestion for a misspelled word? a. the writer must correct the word. b. the word is changed to a similar word. c. it brings up the computer dictionary. d. it ignores the word in the future.

Answers

A. The writer must correct the word

when a computer can't understand what you were trying to say because the word word is spelled so poorly, it can't give similar words because it doesn't know what your trying to say, also they are built to never ignore unless you specially tell them to, and finally it doesn't bring up the dictionary, trust me, i spell lots of words wrong.

hope this helps
good luck

Answer:

The writer must correct the word is right for apex

Most financial advisors say you'll need about 70 percent of your pre-retirement earnings to comfortably maintain your pre-retirement standard of living. true or false

Answers

Answer:

False

Explanation:Most financial advisors say you'll need about 30% of your pre-retirement earnings, to comfortably maintain your pre-retirement standard of living.

This is a projection of what should be a regular saving for your retirement.

Answer:

False

Explanation:

Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $43,500; Liabilities = $20,500; Dividends = $2,140; Revenues = $13,100; Expenses = $8,200.1) Calculate net income.
2) Calculate stockholders' equity at the end of the period.

Answers

Net income is simply Revenues - Expenses.

In this case 13100-8200=4900

For the second question, first we need to find out what the Shareholders Equity portion of balance sheet is.

Assets= Liabilities+Shareholders Equity.

From this we can determine S/E:43500=20500+S/ES/E=23000

Now we need to consider the year's Net Income.

From previous question we know that its 4900, however we have to take into account that dividends are payed out of this amount.

Therefore the retained earnings after dividends are 4900-2140=2760.

The total stockholder's equity is 23000+2760=25760.

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Arnez Company’s annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date.The Office Supplies account started the year with a $3,075 balance. During 2019, the company purchased supplies for $12,700, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,706.An analysis of the company's insurance policies provided the following facts.Policy Date of Purchase Months of Coverage CostA April 1, 2017 24 $ 10,824B April 1, 2018 36 $ 9,576C August 1, 2019 12 $ 8,4The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.)The company has 15 employees, who earn a total of $1,900 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31, 2019, is a Tuesday, and all 15 employees worked the first two days of that week. Because New Year’s Day is a paid holiday, they will be paid salaries for five full days on Monday, January 6, 2020.The company purchased a building on January 1, 2019. It cost $700,000 and is expected to have a $45,000 salvage value at the end of its predicted 40-year life. Annual depreciation is $16,375.Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,000 per month, starting on November 1, 2019. The rent was paid on time on November 1, and the amount received was credited to the Rent Earned account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again.On November 1, the company rented space to another tenant for $1,812 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Assume no other adjusting entries are made during the year.Required:1. Use the information to prepare adjusting entries as of December 31, 2019.2. Prepare journal entries to record the first subsequent cash transaction in 2020 for parts c and e.