Question 48 2 pts Cash dividends paid on common stock would be reported in the...
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Question 48 2 pts Cash dividends paid on common stock would be reported in the statement of cash flows in the cash flows from financing activities section the cash flows from investing activities section O a separate schedule the cash flows from operating activities section Question 49 2 pts Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows using the indirect method is $118,000 O $110,000 $102,000 O $150,000 Question 50 2 pts If accounts payable have increased during a period, O revenues on an accrual basis are less than revenues on a cash basis O expenses on an accrual basis are less than expenses on a cash basis O expenses on an accrual basis are the same as expenses on a cash basis expenses on an accrual basis are greater than expenses on a cash basis
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