ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 39

Question 19
The relationship between current assets and current liabilities is
Question 20
Match the items below by entering the appropriate code letter in the
space provided.
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ACC 556 Chapter 12 Quiz (100% Score)
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Chapter 12 Quiz

Question 1
The statement of cash flows is a required statement that must be
prepared along with an income statement, balance sheet, and retained
earnings statement.
Question 2
The activity from the balance sheet to be presented in the financing
activities section of the statement of cash flows is based on an
analysis of stockholders‘ equity only.
Question 3
The acquisition of a building by issuing bonds would be considered
an investing and financing activity that did not affect cash.