Issuing bonds would be classified as:
A. Investing cash flow.
B. Financing cash flow.
C. No cash flow impact.
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Under U.S. GAAP, dividends received from investments would be classified as:
A. Operating cash flow.
B. Investing cash flow.
C. Financing cash flow.
Which of the following is least likely considered in determining the useful life an intangible asset?
A. Initial cost.
B. Legal,regulatory,or contractual provisions.
C. Provisions for renewal or extension.
An increase in notes payable would be classified as:
A. Investing cash flow.
B. Financing cash flow.
C. No cash flow impact.
According to U.S. GAAP, an asset is impaired when:
A. The firm cannot fully recover the carrying amount of the asset through operations.
B. Accumulated depreciation plus salvage value exceeds acquisition cost.
C. The present value of future cash flows from an asset exceeds its carrying value.