Question 1.1. miracle company purchased treasury stock with a cost of

Question 1.1. Miracle Company purchased treasury stock with a cost of $15,000 during 2012. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2012 total 


     $846,000 net cash inflow.

      $861,000 net cash inflow.

      $866,000 net cash outflow.

      $831,000 net cash inflow.


Question 2. 2. The statement of cash flows reports each of the following except 


      cash receipts from operating activities.

      cash payments from investing activities.

      the net change in cash.

      cash sales.


Question 3. 3. The statement of cash flows 


      must be prepared on a daily basis.

      summarizes the operating, financing, and investing activities of an entity.

      is another name for the income statement.

      is a special section of the income statement.


Question 4. 4. Each of the following are particularly interested in the statement of cash flows except 





      government agencies.


Question 5. 5. Each of the following is an example of a significant noncash activity except 


      conversion of bonds into common stock.

      exchanges of plant assets.

      issuance of debt to purchase assets.

      stock dividends.


Question 6. 6. In Garland Company, land decreased $140,000 because of a cash sale for $140,000, the equipment account increased $40,000 as a result of a cash purchase, and Bonds Payable increased $130,000 from issuance for cash at face value. The net cash provided by investing activities is 







Question 7. 7. Indicate where the event purchased land and a building with a mortgage would appear, if at all, on the indirect statement of cash flows. 


      Operating activities section

      Investing activities section

      Financing activities section

      Does not represent a cash flow


Question 8. 8. The statement of cash flows should help investors and creditors assess each of the following except the 


      entity’s ability to generate future income.

      entity’s ability to pay dividends.

      reasons for the difference between net income and net cash provided by operating activities.

      cash investing and financing transactions during the period.


Question 9. 9. Generally, the most important category on the statement of cash flows is cash flows from


      operating activities.

      investing activities.

      financing activities.

      significant noncash activities.


Question 10. 10. The category that is generally considered to be the best measure of a company’s ability to continue as a going concern is



      cash flows from operating activities.

      cash flows from investing activities.

      cash flows from financing activities.

      usually different from year to year.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Essay USA, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email:

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Essay USA has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.


Essay Writing Services

At Essay USA, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.