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1、PartOneQuiz1.ColeCompany’sstatementofcashflowsfortheyearendedDecember31,2004,shouldincludeallofthefollowingsectionsEXCEPT:a.CashFlowsfromAnalysisActivities.b.CashFlowsfromOperatingActivities.c.CashFlowsfromFinancingActivities.d.CashFlowsfromInvestingActivities.2.ColeCompany’sstatementofc
2、ashflowsfortheyearendedDecember31,2004,showsthefollowing:Beginningcashbalance,$1,750,000;Endingcashbalance,$2,500,000;CashprovidedbyOperatingActivities,$4,000,000;CashusedbyInvestingActivities,$(2,500,000).Basedonthisinformation,Cole’scashflowfromFinancingActivitiesisa:a.$2,250,000genera
3、tionofcash.b.$750,000useofcash.c.$2,250,000useofcash.d.$750,000generationofcash.3.Thebalancesheetlists:a.Availableresourcesonly.b.Resourcescommittedonly.c.Availableresources,resourcescommitted,andthedifferencebetweenthetwo.d.Availableresources,resourcescommitted,andthesumofthetwo.4.Asset
4、sinclude:a.Accountsreceivableandaccruedcash.b.Accountspayableandaccruedliabilities.c.Cashequivalentsandaccountspayable.d.Accountsreceivableandcashequivalents.5.Anincomestatementincludes:a.Revenues,operatingliabilities,andnetincome.b.Revenues,operatingexpenses,andlossonassetsales.c.Revenu
5、es,accruedoperatingliabilities,andnetincome.d.Revenues,operatingliabilities,andnetloss.6.Economicconceptsarethe:a.Ideasthatguidepreparationofaccountingreports.b.Rulesthatapplytothepreparationofaccountingreports.c.Conventionsusedinthepreparationofaccountingreports.d.Regulationsenforcedbyt
6、hegovernmentinthepreparationofaccountingreports.7.UnionPlazaHotelandCasino’sconsolidatedbalancesheetincludesthefollowingliabilitytitles:a.Long-termdebt,othercurrentliabilities,capitalleases,andaccountspayable.b.Accruedliabilities,accountspayable,othercurrentliabilities,andaccruedcash.c.A
7、ccruedliabilities,capitalleaseobligations,accountspayable,andlong-termdebt.22d.Accruedcash,accruedliabilities,long-termdebt,andcapitalleases.8.UnionPlazaHotelandCasino’sconsolidatedDecember31,2001balancesheetshowsassetsof$40,513andliabilitiesof$39,885.Itsequityis:a.$80,39
