10/16/2019 Take Test: Tutorial 1D – BE8319 : ACCOUNTS & FINANCE

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BE8319 : ACCOUNTS & FINANCE Learning Resources Tutorials Take Test: Tutorial 1D

Take Test: Tutorial 1D

Test Information
Description Statement of Cash Flows and GAAP

Instructions Use the BCD 2009 Statement of Cash Flows for this tutorial.

Multiple Attempts This test allows 3 attempts. This is attempt number 3.

Force Completion This test can be saved and resumed later.

QUESTION 1 10 points   Saved

Which party conduct audits that attest to whether a company's

financial statements comply with GAAP?
Mangement
Certi ed Public Accountants
Corporate Accountants
Financial Controller

QUESTION 2 10 points   Saved

Which of the following are the rules that must be followed when
preparing the financial statements for external use.
FASB
SEC

GAAP

AICPA

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10/16/2019 Take Test: Tutorial 1D – BE8319 : ACCOUNTS & FINANCE

QUESTION 3 10 points   Saved

Question Completion Status:

BCD purchased property, plant and equipment, which

resulted in a cash (in ow / out ow) on the ______________
activites.
operating
nancing
investing
diversi cation

QUESTION 4 10 points   Saved

A vehicle has a sales price of $80,000.  A company

purchases the vehicle but negotiates with the sales person
for $76,000.  Which would be the price of the vehicle
reported on the balance sheet?

$80,000

$76,000

QUESTION 5 10 points   Saved

BCD repurchased shares of stock and paid dividends, which

resulted in a cash (inflow / outflow) in the _________________
activities.
operating
investing
nancing
diversi cation

QUESTION 6 10 points   Saved

BCD gernerated a cash in ow of _____________.

$6,999 million
$2,064 million
$910 million
$1,154 million

QUESTION 7 10 points   Saved

Match the following cash in ow / out ow with the associat

ed activities or account.
$ (2667) million Exchange rate
B
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10/16/2019 Take Test: Tutorial 1D – BE8319 : ACCOUNTS & FINANCE
$ (2667) million Exchange rate
B. A.
uctuations
Question Completion Status:
$ 6,999 million B. investing activities

C. operating activities
C.
D. nancing activities
$ (3,025) million
D.

$ (153) million
A.

QUESTION 8 10 points   Saved

By what amount is the cash at the end of 2009 di erent

from the beginning of 2009?
$ 153 million
$ 1,154 million
$ 910 million
$ 2,064 million

QUESTION 9 10 points   Saved

When the financial statements are prepared according to GAAP, assets and
services are reported at their current market value.
True
False

QUESTION 10 10 points   Saved

State whether the account is reported on the Income Statement

(IS), the Balance Sheet (BS), or the Statement of Cash Flows
(C/F).
Cash A. Income statement
B.
B. Balance Sheet
Rent expense C. Cash Flow Statement
A.
D.
Rent payable
B.

Retained earnings
B.

Sales revenue
A.

Accounts receivable
B.

Cash received from

B.
customers
Cash used for
C. capital
expenditures
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10/16/2019 Take Test: Tutorial 1D – BE8319 : ACCOUNTS & FINANCE
expenditures
Cash fromStatus:
Question Completion issuing
C.
of stock
Cost of goods sold
A.

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