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Question 48 Not yet answered At the end of the first year of operations, the balance sheet of Henry had the following balances. Accounts Receivable. 58,000 Accounts Payable, $5.000, Inventory. $4,000, and Unexpired Insurance, $2,000. The corporation reported net income of $69.000 for the year, including depreciation expense of $6,000, and uses the indirect method of computing net cash flow from operating activities Based on this information, net cash flow from operating activities is Marked out of 2.00 Flag question Select one A $66.000 OOOO B. $90,000 C. $72,000 D. $79.000 Question 49 Which one is the situation that a bondholder doesn't like? Not yet answered Marked out of 2.00 Flag question Select one A The issuing company's debt ratio is steadily declining B. The issuing company's interest coverage ratio is steadily rising C. Market interest rates are steadily rising D. The issuing company's net cash flow from operating activities is steadily increasing Question 50 Identify the transaction that is not an investing activity? Not yet answered Marked out of 2.00 Select one A Purchase of investments for cash Piag question B Purchase of equipment for cash Sale of merchandise for cash D. Sale of land for cash Question 45 Where should we report a mortgage incurred in exchange for an office building in the statement of cash flows? Not yet answered Marked out of 2.00 P Flag question Select one A the cash flows from Financing Activities section. B. the cash flows from Investing Activities section. C. a separate schedule D. the cash flows from Operating Activities section Question 46 Which of the following statements is generally considered desirable? Not yet answered Marked out of 2.00 Flag question Select one A A large decrease in the accounts receivable tumover ratio B. A decrease in the number of days' sales in receivables C. An increase in sales along with a larger decrease in the gross profit ratio D. A decrease in the cash flow from operations to current liabilities ratio Question 47 Not yet answered The Stockholders' Equity section of the balance sheet of Breaugh Company reveals the following information Common stock 83 par value, $150.000 Additional pald-in capital'common $850,000. There have been two issues of stock since the corporation began business. The average issue price per share of stock was Marked out of 200 Flag question Select one: A $3.00 GB $17.00 C $20.00 D Not enough information to determine

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