Question : 51. In determining cash flows from operations under the indirect method, : 1245809

Accounting

51. In determining cash flows from operations under the indirect method, the adjustments to convert net income to cash flow from operations generally involve ____ the amount by which a revenue exceeds the related cash receipt for the period (such as equity method earnings exceeding dividends).
A. adding
B. subtracting
C. multiplying
D. dividing
E. cannot be determined from the information provided

52. In determining cash flows from operations under the indirect method, the adjustments to convert net income to cash flow from operations generally involve ____ credit changes in operating working capital accounts, such as accounts receivable, inventories, or accounts payable.
A. adding
B. subtracting
C. multiplying
D. dividing
E. cannot be determined from the information provided

53. In determining cash flows from operations under the indirect method, the adjustments to convert net income to cash flow from operations generally involve ____ debit changes in operating working capital accounts.
A. adding
B. subtracting
C. multiplying
D. dividing
E. cannot be determined from the information provided

54. The first step in theprocedure for preparing the statement of cash flows using a T-account work sheet is to
A. obtain a balance sheet for the beginning of the period of the statement of cash flows.
B. obtain a balance sheet for the ending of the period spanned by the statement of cash flows.
C. obtain a balance sheet for the beginning and the end of the period spanned by the statement of cash flows.
D. obtain an income statement for the beginning of the period of the statement of cash flows.
E. obtain an income statement for the end of the period of the statement of cash flows.

55. In theprocedure for preparing the statement of cash flows using a T-account work sheet, a master T-account for _____ appears at the top of the work sheet.
A. cash
B. working capital
C. financing
D. operations
E. net income

56. In preparing a T-account work sheet, a master T-account for cash appears at the top of the work sheet. This master T-account has three sections, labeled
A. Operations, Investing, and Financing.
B. Working Capital, Investing, and Financing.
C. Operations, Working Capital, and Financing
D. Operations, Working Capital, and Investing
E. Operations, Exchanges, and Investing

57. The beginning and the ending balances in cash and cash equivalents are entered in the master T-account for preparing the statement of cash flows. Cash equivalents represent _____ in which a firm has temporarily placed excess cash.
A. short-term, highly illiquid investments
B. short-term, highly liquid investments
C. short-term and long-term, highly liquid investments
D. short-term and long-term, highly illiquid investments
E. short-term and long-term, marketable securities

58. The second step of completing the T-account work sheet for generating the statement of cash flows is to prepare a T-account for each balance sheet account other than _____ and enter the beginning and the ending balances.
A. cash and cash equivalents
B. working capital
C. cash, only
D. cash and marketable securities
E. exchanges

59. In order to explain the change in the master cash account between the beginning and the end of the period, the accountant reconstructs the entries originally made in the accounts during the period and enters them in appropriate T-accounts on the T-account work sheet. By explaining the changes in balance sheet accounts other than cash, this process also explains the change in
A. cash and cash equivalents.
B. cash, only.
C. working capital.
D. cash and marketable securities.
E. funds.

60. In preparing the statement of cash flows for Year 5, internal records indicate that depreciation on manufacturing facilities totaled $500 and on selling and administrative facilities totaled $300 during the year. The firm included these amounts in cost of goods sold and selling and administrative expenses, respectively, in the income statement for Year 5. None of this $800 of depreciation required an operating cash flow during Year 5. The firm reported cash expenditures for these assets as investing activities in the earlier periods when it acquired them. The T-account work sheet entry to explain the change in the Accumulated Depreciation account.
A. adds back depreciation to net income in deriving cash flow from operations.
B. subtracts depreciation from net income in deriving cash flow from operations.
C. adds back depreciation on the selling and administrative facilities, only, to net income in deriving cash flow from operations.
D. subtracts depreciation on the selling and administrative facilities, only, from net income in deriving cash flow from operations.
E. none of the above

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July 1, 2023

Paula Plaintiff's Really Bad Week, Part 1

Introduction

In this assignment, you’ll need to decide whether Paula Plaintiff has any legal claims arising from a series of unfortunate events. After reading the scenario, answer the questions that follow, making sure to fully explain the basis of your decision.

Paula Plaintiff is shopping at her favorite store, Cash Mart. She is looking for a new laptop, but she can’t find one she likes. Then, realizing that she is going to be late for an appointment, she attempts to leave the store, walking very fast. However, before she can leave, she is stopped by a security guard who accuses her of shoplifting. Paula, who has taken nothing, denies any wrong doing. The officer insists and takes Paula to a small room in the back of the store. The guard tells Paula that if she attempts to leave the room she will be arrested and sent to jail. At this point, the guard leaves the room. Paula is scared and waits in the room for over an hour until the manager comes in and apologizes and tells Paula that she is free to go.

About this same time, Geoffrey Golfer is hitting golf balls in his backyard. Geoffrey decides to break out his new driver and hits a golf ball out of his backyard into the Cash Mart parking lot. The golf ball hits Paula Plaintiff on the head and knocks her unconscious just as she is leaving the store.

Instructions

In a 6–10 paragraph paper, answer the following questions:

· What types of legal claims could Paula make against Cash Mart and Geoffrey? Consider the following:

o What are the possible tort claims that Paula can make against Cash Mart? Discuss the elements of the claim and how those elements relate to the facts in the scenario.

o Was Geoffrey negligent when he hit the golf ball that injured Paula? Discuss the elements of negligence and use facts from the scenario to support your decision.

o If Paula files a negligence claim against Geoffrey will she file in civil court or criminal court? Explain the difference between civil court and criminal court.

You will create and submit your assignment by using the ecree link. Just click on the link and start writing. Your work will be saved automatically. You’ll see some feedback on the right-hand side of the screen, including text and videos to help guide you in the writing process. When you’re ready, you can turn in your assignment by clicking Submit at the bottom of the page.

Click the assignment link to start your assignment in ecree. Please note that ecree works best in Firefox and Chrome.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.

In addition to your textbook, you have access to Nexus Uni through the Strayer University Library. Please take advantage of this excellent legal resource!

The specific course learning outcome associated with this assignment is:

· Determine if a plaintiff can make legal claims based on the events in a given scenario.