ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Auditing and Attestation
Bonds and Long Term Notes Payable
Business Organisations and Environment
Business Process Performance
California Real Estate
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Cost Accumulation Systems
Cost Allocation Techniques
Cost of Capital
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Derivative Instruments and Hedging Activities
Dividends, Shares, and Income
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
Federal Securities Acts
Financial Decision Making
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Florida Real Estate MCQs
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Human Resource Management
Insurance and Risk Management
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
Investment Risk and Portfolio Management
Job Order Costing
Long Term Investment
Long Term Securities
Managerial Accounting Concepts and Principles
Managing Products and Brands
Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Mergers and Acquisitions
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Markets and Buyer Behaviour
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
Property Plant and Equipment
Reporting and Analyzing Cash Flows
Responsibility Accounting and Performance Measures
Risk and Procedures for Control
Short Term Financing
Short Term Investment
Standard Costs and Variance Analysis
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
System Analysis and Design
Texas Real Estate
Total Quality Management
Reporting and Analyzing Cash Flows
Reporting and Analyzing Cash Flows MCQs
Which of the following activities is an operating activity?
issuing shares for a building
redemption of bonds at maturity
collecting the interest on an investment
purchasing the common shares of another corporation as an investment
Which of the following activities would not be reported as an investing activity on a statement of cash flows?
collection of a loan made to an officer of the company
purchase of a patent from an inventor
sale of a plant asset at a price equal to its book value
cash dividends received from an investment made in another company
Which of the following is an investing activity?
collecting the principal of a long-term note
withdrawals by a partner
issuing common shares for cash
issuing bonds at a discount
Which of the following events represents an investing activity on a statement of cash flows?
selling equipment for cash
issuing a short-term note to a bank for cash
collecting receivables from credit customers
purchasing a one-year insurance policy
Which of the following activities IS NOT an investing activity?
purchasing plant assets
purchasing an investment
collecting the principal of a note receivable
Which of the following activities would NOT be considered a financing activity?
retirement of preferred shares
issuing bonds payable
paying cash dividends
purchasing land for cash
Which of the following activities would NOT be reported on a schedule of noncash investing and noncash financing activities?
bonds payable were retired two years prior to maturity
convertible bonds were converted to common shares
a building was purchased through the issuance of a mortgage note
leasing a building where the title will revert to the lessee
A company issued common shares for land valued at $450,000. The transaction would be reported on:
a statement of cash flows as both an investing and financing activity
a statement of cash flows as an investing activity, only
a separate schedule accompanying the statement of cash flows
a statement of retained earnings
Which of the following transactions would NOT be reported on a statement of cash flows?
purchase of equipment
retirement of debt prior to maturity
exchange of common shares for equipment
sale of treasury shares at a price in excess of cost
Which of the following IS NOT a step in preparing the statement of cash flows?
compute and report noncash investing and financing activities
compute and report the cash provided/used by operating activities
compute and report net cash provided/used by investing activities
compute and report net cash provided/used by financing activities
Beginning balance of Accounts Receivable was $45,000, and the ending balance was $48,000. Sales were $430,000. What was the net cash inflow from custo...
The cost of goods sold was $190,000. Beginning merchandise inventory was $14,000, and ending merchandise inventory was $22,000. During the year, prepa...
The Prepaid Insurance account had a beginning balance of $14,000 and an ending balance of $24,000. During the accounting period a 3-year policy was pu...
Which line is incorrect relative to the indirect method of preparing a statement of cash flows?
Result: Increase in accounts receivable; Indirect method: Added to net income
Result: Increase in merchandise; Indirect method: Deducted from net income
Result: Depreciation expense; Indirect method: Added to net income
Result: Decrease in taxes payable; Indirect method: Deducted from net income
Under the indirect method, the net cash provided by operating activities was $92,000. Accounts receivable increased $4,000, merchandise inventory decr...
The cash provided from operations was $23,000. The net increase in cash was $22,000. If the net cash inflow from financing activities was $15,000, the...
a net inflow of $16,000
a net outflow of $16,000
a net outflow of $14,000
a net inflow of $1,000
The beginning balance of the Equipment account was $45,000; the ending balance was $54,000. The beginning balance of the Accumulated Amortization acco...
When a long-term asset is sold for cash at a price in excess of its book value, the sale should be reported as an inflow of cash from an investing act...
selling price (proceeds)
selling price less the amount of the gain
selling price plus the amount of the gain
The following events occurred during the accounting period: Cash of $46,000 was received from the issue of common shares. Cash dividends of $11,000 we...
Which of the following activities IS NOT a financing activity?
selling plant and equipment
retiring preferred shares
issuing common shares for cash
a. Machinery was purchased for $4,500 cash. b. $10,000 was borrowed on a long-term note. c. 1,000 common shares were issued for cash, at $5 per share....
Cash dividends of $42,500 were declared. The beginning and ending balance of the cash dividends payable account was $10,000 and $12,500, respectively....
investing activity of $45,000
financing activity of $40,000
financing activity of $42,500
investing activity of $12,500
The following events occurred during the accounting period: Cash of $33,000 was used to purchase a second-hand forklift. Cash of $12,000 was received ...
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