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Question : 61. Alsup CompanyAlsup Company had the following transactions during the fiscal : 1245952

Accounting

 

 

61. Alsup Company

Alsup Company had the following transactions during the fiscal year ended December 31, Year 4.

·Accounts receivable decreased from $115,000 on December 31, Year 3, to $100,000
on December 31, Year 4.
·Alsup’s Board of Directors declared dividends on December 31, Year 4, of $.05
per share on the 2.8 million shares outstanding, payable to shareholders of record
on January 31, Year 5. The company did not declare or pay dividends for fiscal year,
Year 3.
·Sold a truck with a net book value of $7,000 for $5,000 cash, reporting a loss of $2,000.
·Paid interest to bondholders of $780,000.
·Cash increased from $106,000 on December 31, Year 3, to $284,000 on December 31, Year 4.

(CMA Dec 95 #3) Refer to the Alsup Company example. Alsup Company uses the indirect method to prepare its Year 4 statement of cash flows, and would show a(n) 
A. source or inflow of funds of $5,000 from the sale of the truck in the financing section.
B. deduction of $15,000 in the Operating Section, representing the decrease in year-end accounts receivable.
C. source or inflow of funds of $7,000 from the sale of the truck in the financing section.
D. addition of $2,000 in the Operating Section for the $2,000 loss on the sale of the truck. 
E. deduction of $2,000 in the Operating Section for the $2,000 loss on the sale of the truck.

 

62. Alsup Company

Alsup Company had the following transactions during the fiscal year ended December 31, Year 4.

·Accounts receivable decreased from $115,000 on December 31, Year 3, to $100,000
on December 31, Year 4.
·Alsup’s Board of Directors declared dividends on December 31, Year 4, of $.05
per share on the 2.8 million shares outstanding, payable to shareholders of record
on January 31, Year 5. The company did not declare or pay dividends for fiscal year,
Year 3.
·Sold a truck with a net book value of $7,000 for $5,000 cash, reporting a loss of $2,000.
·Paid interest to bondholders of $780,000.
·Cash increased from $106,000 on December 31, Year 3, to $284,000 on December 31, Year 4.

(CMA Dec 95 #4) Refer to the Alsup Company example. The total of cash provided (used) by operating activities plus cash provided (used) by investing activities plus cash provided (used) by financing activities is 
A. cash provided of $284,000.
B. cash provided of $178,000.
C. cash used of $178,000.
D. cash used of $582,000.
E. cash used of $284,000.

 

63. Financing activities on the cash flow statement do not include 
A. issuance of stock.
B. payment of dividends.
C. borrowing from banks.
D. payment of interest expense.
E. acquiring previously issued bonds.

 

64. Ignoring income tax effects, which of the following is correct concerning depreciation? 
A. Depreciation provides additional cash flow from operating activities than would have been available without the depreciation.
B. Depreciation builds a cash reserve to fund the replacement of plant, property, and equipment.
C. Depreciation reduces net income but does not usually require a cash expenditure during the period.
D. Depreciation is a systematic and rational method for allocating the cost of intangible assets over their useful lives.
E. Depreciation provides less cash flow from operating activities than would have been available without the depreciation.

 

65. In a statement of cash flows, proceeds from the issuance of common stock should be classified as cash inflows for 
A. operating activities.
B. financing activities.
C. investing activities.
D. lending activities.
E. exchange transactions.

 

66. U.S. GAAP classifies all of the following as financing activities on the statement of cash flows except 
A. cash inflows from issuance of bonds.
B. cash inflows from selling capital stock of the entity.
C. cash outflows to lender for interest.
D. cash outflows to repurchase capital stock of the entity.
E. cash outflows to repurchase bonds of the entity.

 

67. U.S. GAAP classifies all of the following as operating activitieson the statement of cash flows except 
A. cash outflows to pay sales employees.
B. cash inflows from the property rental.
C. cash outflows to shareholders for dividends.
D. cash outflows to purchase merchandise for resale.
E. cash inflows from sales to customers.

 

68. A mature, stable firm might show what type of cash flow pattern from operating, investing, and financing activities? 
A. operating outflow, investing outflow, and financing inflow
B. operating inflow, investing outflow, and financing inflow
C. operating outflow, investing inflow, and financing outflow
D. operating inflow, investing outflow, and financing outflow
E. operating outflow, investing inflow, and financing inflow

 

69. In a statement of cash flows, interest payments to lenders should be classified as cash outflows for 
A. operating activities.
B. financing activities.
C. investing activities.
D. lending activities.
E. exchange transactions.

 

70. U.S. GAAP requires the classification of 
A. the cash outflow for interest expense as an operating activity and the dividends that a firm pays to its shareholders as a financing activity.
B. the cash outflow for interest expense and the dividends that a firm pays to its shareholders as a financing activity.
C. the cash outflow for interest expense and the dividends that a firm pays to its shareholders as an investing activity.
D. the cash outflow for interest expense and the dividends that a firm pays to its shareholders as an operating activity.
E. the cash inflow for interest expense and the dividends that a firm pays to its shareholders as an operating activity.

 

 

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July 1, 2023
    

 

Use the Internet and / or the Strayer Learning Resource Center to research aspects of biology.

Select an article from a magazine or newspaper that has something in it that pertains to biology. This will serve as the “target article” for this assignment. For instance, you can select an article about medicine, invasive species, nature, conservation, genetic technology, ecology, or any other topic that is related to biology. One purpose of this assignment is to help you become aware of how biology is related to your everyday life.

Write a one to three (1-3) page paper in which you:

  1. Summarize the article in one (1) or more paragraphs, using your own words. Be sure to identify the article using an in-text citation in the body of the paper, as well as a reference in the reference section. 
  2. Explain how the article relates to this course. Identify which biological concepts from the course and / or text are relevant to the topic covered in the article. Citing the course text, discuss the ways in which this course does (or doesn’t) provide background information to help you understand the article and the larger issues surrounding it. 
  3. Explain why the article caught your attention. Relate the article to your life and to issues that are important to you. Discuss how or if the scientific knowledge about the topic covered in the article affects you directly or indirectly.
  4. Discuss your opinion on how research on this topic should be funded. State whether you think taxpayer monies should support research on this topic or whether such research in this area should be funded by the private sector. Rate the importance of research on this topic, relative to other areas of research. 

In addition to the target article, you should use at least one additional resource, such as your textbook or another article. You must have a reference section which contains an APA reference to your chosen article and all other sources. Additionally, you must provide in-text citations (in APA format) to your references in the body of the text. Integrate all sources into your paper using proper techniques of quoting, paraphrasing and summarizing, along with your in-text citations.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Use technology and information resources to research issues in biology.
  • Write clearly and concisely about biology using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills. 

Click to view the grading rubric.

*This is the topic i am using* https://www.sciencedaily.com/releases/2018/01/180118084554.htm

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July 1, 2023
    

 

Use the Internet and / or the Strayer Learning Resource Center to research aspects of biology.

Select an article from a magazine or newspaper that has something in it that pertains to biology. This will serve as the “target article” for this assignment. For instance, you can select an article about medicine, invasive species, nature, conservation, genetic technology, ecology, or any other topic that is related to biology. One purpose of this assignment is to help you become aware of how biology is related to your everyday life.

Write a one to three (1-3) page paper in which you:

  1. Summarize the article in one (1) or more paragraphs, using your own words. Be sure to identify the article using an in-text citation in the body of the paper, as well as a reference in the reference section. 
  2. Explain how the article relates to this course. Identify which biological concepts from the course and / or text are relevant to the topic covered in the article. Citing the course text, discuss the ways in which this course does (or doesn’t) provide background information to help you understand the article and the larger issues surrounding it. 
  3. Explain why the article caught your attention. Relate the article to your life and to issues that are important to you. Discuss how or if the scientific knowledge about the topic covered in the article affects you directly or indirectly.
  4. Discuss your opinion on how research on this topic should be funded. State whether you think taxpayer monies should support research on this topic or whether such research in this area should be funded by the private sector. Rate the importance of research on this topic, relative to other areas of research. 

In addition to the target article, you should use at least one additional resource, such as your textbook or another article. You must have a reference section which contains an APA reference to your chosen article and all other sources. Additionally, you must provide in-text citations (in APA format) to your references in the body of the text. Integrate all sources into your paper using proper techniques of quoting, paraphrasing and summarizing, along with your in-text citations.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Use technology and information resources to research issues in biology.
  • Write clearly and concisely about biology using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills. 

Click to view the grading rubric.

*This is the topic i am using* https://www.sciencedaily.com/releases/2018/01/180118084554.htm

default image
July 1, 2023
    

 

Use the Internet and / or the Strayer Learning Resource Center to research aspects of biology.

Select an article from a magazine or newspaper that has something in it that pertains to biology. This will serve as the “target article” for this assignment. For instance, you can select an article about medicine, invasive species, nature, conservation, genetic technology, ecology, or any other topic that is related to biology. One purpose of this assignment is to help you become aware of how biology is related to your everyday life.

Write a one to three (1-3) page paper in which you:

  1. Summarize the article in one (1) or more paragraphs, using your own words. Be sure to identify the article using an in-text citation in the body of the paper, as well as a reference in the reference section. 
  2. Explain how the article relates to this course. Identify which biological concepts from the course and / or text are relevant to the topic covered in the article. Citing the course text, discuss the ways in which this course does (or doesn’t) provide background information to help you understand the article and the larger issues surrounding it. 
  3. Explain why the article caught your attention. Relate the article to your life and to issues that are important to you. Discuss how or if the scientific knowledge about the topic covered in the article affects you directly or indirectly.
  4. Discuss your opinion on how research on this topic should be funded. State whether you think taxpayer monies should support research on this topic or whether such research in this area should be funded by the private sector. Rate the importance of research on this topic, relative to other areas of research. 

In addition to the target article, you should use at least one additional resource, such as your textbook or another article. You must have a reference section which contains an APA reference to your chosen article and all other sources. Additionally, you must provide in-text citations (in APA format) to your references in the body of the text. Integrate all sources into your paper using proper techniques of quoting, paraphrasing and summarizing, along with your in-text citations.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Use technology and information resources to research issues in biology.
  • Write clearly and concisely about biology using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills. 

Click to view the grading rubric.

*This is the topic i am using* https://www.sciencedaily.com/releases/2018/01/180118084554.htm

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