Question : 101. U.S. GAAP requires the classification of A. the receipt of cash from : 1230563

101. U.S. GAAP requires the classification of 
A. the receipt of cash from interest and dividend revenues as an operating activity and cash related to the purchase and sale of long-term investments in securities as an investing activity
B. both receipt of cash from interest and dividend revenues and cash related to the purchase and sale of investments in securities as an investing activity
C. both receipt of cash from interest and dividend revenues and cash related to the purchase and sale of long-term investments in securities as an operating activity.
D. both receipt of cash from interest and dividend revenues and cash related to the purchase and sale of investments in securities as a financing activity
E. both receipt of cash from interest and dividend revenues and cash related to the purchase and sale of long-term investments in securities as an exchange activity.

102. 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

103. U.S. GAAP requires the disclosure of the acquisition of a building by assuming a mortgage obligation 
A. as both a financing activity and an operating activity
B. as both an operating activity and an investing activity
C. as both an investing activity and a financing activity
D. in a separate schedule or note, but does not appear in the statement of cash flows as an operating activity, investing activity or a financing activity
E. as both an investing activity and a exchange activity

104. U.S. GAAP requires the disclosure of the direct exchange (with no cash consideration) of a tract of land for manufacturing equipment to be used in the company’s operations 
A. as an operating activity
B. as an investing activity
C. as a financing activity
D. as an exchange activity
E. in a separate schedule or note, but does not appear in the statement of cash flows as an operating activity, investing activity, or a financing activity

105. U.S. GAAP 
A. permits firms to report cash flow from operations using the direct or indirect method
B. requires firms to report cash flow from operations using the direct method
C. requires firms to report cash flow from operations using the indirect method
D. permits firms to use the cash receipts and disbursements statement
E. permits firms to use the funds flow statement

106. U.S. GAAP 
A. permits firms to report cash flow from operations using the direct or indirect method
B. prefers the direct method of reporting cash flow from operations over the indirect method
C. states that the direct method must show a reconciliation between net income and cash flow from operations either at the bottom of the statement of cash flows or in a separate note
D. all of the above
E. none of the above

107. The method of reporting the amounts of cash received from customers less cash disbursed to various suppliers, employees, lenders for interest payments, and taxing authorities allowed by U.S. GAAP 
A. the direct method
B. the indirect method
C. both the direct method and the indirect method
D. the schedule of cash receipts and cash disbursements
E. the funds flow statement

108. The method of reporting the net income for a period and then showing adjustments to net income to convert revenues to cash received from customers and to convert expenses to cash disbursed to various suppliers of goods and services allowed by U.S. GAAP 
A. the direct method
B. the indirect method
C. both the direct method and the indirect method
D. the schedule of cash receipts and cash disbursements
E. the funds flow statement

109. The method of reporting preferred by U.S. GAAP is/are 
A. the direct method
B. the indirect method
C. both the direct method and the indirect method
D. the schedule of cash receipts and cash disbursements
E. the funds flow statement

110. The direct method of reporting 
A. is preferred by U.S. GAAP
B. shows a reconciliation between net income and cash flow from operations either at the bottom of the statement of cash flows or in a separate note
C. reports the amounts of cash received from customers less cash disbursed to various suppliers, employees, lenders for interest payments, and taxing authorities
D. all of the above
E. none of the above