11. Which of the following is an administrative expense? A the cost… 11. Which of the following is an administrative expense? A the cost of merchandise B depreciation C dividends D office salaries 12. Which of the following is a current liability? A trade receivables B prepaid expenses C preferred share D short-term borrowings 13. Which of the following is NOT a current asset? A prepaid expenses B cash C trade receivables D office equipment 15. How does the statement of cash flows show the cash flow from working capital accounts? A as investing activities B as cash activities C as adjustments in non-cash working capital accounts D as financing activities 16. The statement of cash flows shows the following information. What is the year-end cash balance?Increase in cash $5,000 Cash, beginning of year $18,000 A $4,000 B $14,000 C $18,000 D $23,000 7. What is the source of the cash balance at the beginning and end of the year, as shown on the statement of cash flows? A the statement of income B the statement of financial position C the statement of changes in equity D the cash budget 18. How does the purchase of non-current assets appear on the statement of cash flows? A as an outflow of cash under operating activities B as an inflow of cash under operating activities C as an inflow of cash under investing activities D as an outflow of cash under investing activities 19. The statement of cash flows shows the following information. What is the impact on cash? Cash inflow from operating activities $126,500 Cash inflow from financing activities $167,500 Cash outflow for investing activities $290,000 A It decreases by $4,000. B It decreases by $294,000. C It increases by $4,000. D It increases by $294,000. 20. Which of the following is shown as a financing activity in the statement of cash flows? A long-term borrowings B trade receivables C term deposits D short-term borrowingsBusiness Management Human Resource Management HRMN MISC
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