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NEW QUESTION: 1
The construction of cash flow statement using the indirect method requires which of the following?
I. Income Statement.
II. Balance Sheet.
III. Statement of Retained Earnings.
IV. Statement of Shareholders' Equity.
A. I, II & III
B. I & III
C. I, II & IV
D. I & II
Answer: D
Explanation:
Explanation/Reference:
Explanation:
In the indirect method of construction of the cash flow statement, you start with the net income and start adding back non-cash expenses, adjusting for tax effects. In addition, one needs to look at changes in assets and liabilities accounts to back out investing and financing cash flows. Thus, you need both income statement and the balance sheet for the indirect method of cash flow construction.
NEW QUESTION: 2
A. Option C
B. Option B
C. Option D
D. Option A
Answer: D
Explanation:
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NEW QUESTION: 3
Which two statements about floating static routes are true? (Choose two.)
A. They are used when a route to the destination network is missing.
B. They are dynamic routes that are learned from a server.
C. They are routes to the exact /32 destination address.
D. They have a higher administrative distance than the default static route administrative distance.
E. They are used as backup routes when the primary route goes down.
Answer: D,E
Explanation:
Explanation/Reference:
Explanation:
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