ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 33

II. Purchased new equipment for $5,000 by signing a long-term note
payable.
III. Purchased a patent and paid $15,000 cash for the asset.
How what is the total effect of these transactions on Free Cash Flow,
Current Cash Debt Coverage, and Cash Debt Coverage respectively?
Free

Current Cash Debt

Cash

Debt
Cash Flow
Coverage

Coverage

Question 19
All of the following statements are true regarding cash flow
presentations except
Question 20
For each of the following items, indicate by using the appropriate
code letter, how the item should be reported in the statement of cash
flows, using the indirect method.
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ACC 556 Chapter 10 Quiz (100% Score)
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Chapter 10 Quiz