ACC 556 STR help A Guide to career/uophelp.com ACC 556 STR help A Guide to career/uophelp.com | Page 64

Dividends Paid
6,000
What is the current cash debt coverage?
Question 18
Which of the following income statement figures would probably be the
best indicator of a company’s future performance?
Question 19
Which one of the following is not a benefit of budgeting?
Question 20
The single most important output in preparing financial budgets is the
Question 21
Zoum Corporation had the following transactions during 2014:
1 - Issued $125,000 of par value common stock for cash.
2 - Recorded and paid wages expense of $60,000.
3 - Acquired land by issuing common stock of par value $50,000.
4 - Declared and paid a cash dividend of $10,000.
5 - Sold a long-term investment (cost $3,000) for cash of $3,000.
6 - Recorded cash sales of $400,000.
7 - Bought inventory for cash of $160,000.
8 - Acquired an investment in Zynga stock for cash of $21,000.
9 - Converted bonds payable to common stock in the amount of
$500,000.
10 - Repaid a 6 year note payable in the amount of $220,000.
What is the net cash provided by operating activities?
Question 22
A critical factor in budgeting for a service firm is to
Question 23