insurance company acquisitions
Accounting Questions Re: cash flow and "extraordinary items"?
1. XYZ Corporation decided to classify its heavy losses as the extraordinary items. Directors may be biased towards this approach because a. Save income tax b. investors do not use the items, the when predicting future performance c. extraordinary losses are considered a good predictor of the future solvency of the company d. extraordinary loss of income deriving net and communicate directly as part of global income. 2. The money paid for the acquisition of a building is expected a.cash operations used in the operations b.cash of c.cash always d.cash investing activities used for investment activities of funding e.cash always Activities 3. Which of the following subtracted from income in determining cash flows from operations? A.increase in b.increase inventory c.decrease d.decrease payables in the accounts receivable in the Prepaid insurance
1-b, 2-D, 3-A
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