Questions from College Accounting

Q: What are the three categories of cash flows shown on a statement

What are the three categories of cash flows shown on a statement of cash flows?

Q: A firm is preparing to make adjusting entries at the end of

A firm is preparing to make adjusting entries at the end of the accounting period. The balance of the merchandise inventory account is $100,000. If the firm is using the perpetual inventory system, wh...

Q: Explain the meaning of a bond price quotation of 95. Of

Explain the meaning of a bond price quotation of 95. Of 102.

Q: What accounts are affected when bonds are issued at face value?

What accounts are affected when bonds are issued at face value?

Q: How is Premium on Bonds Payable shown on the balance sheet?

How is Premium on Bonds Payable shown on the balance sheet? How is Discount on Bonds Payable shown?

Q: If a company pays cash dividends, where on the statement of

If a company pays cash dividends, where on the statement of cash flows should the payment be reported?

Q: Where is cash received for interest reported on the statement of cash

Where is cash received for interest reported on the statement of cash flows?

Q: What information is needed to prepare a statement of cash flows?

What information is needed to prepare a statement of cash flows?

Q: What is the primary purpose of the statement of cash flows?

What is the primary purpose of the statement of cash flows?

Q: Identify the two primary components of return on assets.

Identify the two primary components of return on assets.