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(TCO 3) Where do intercompany sales of inventory appear on a consolidated statement of cash flows?
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2. Question : Student Answer:
MultipleChoice 1890914366
15 MultipleChoice
False 15
(TCO 3) Which of the following statements is true regarding an intercompany sale of land?
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3. Question :
MultipleChoice 1890914367
8 MultipleChoice
True 8
(TCO 3) With regard to the intercompany sale, which of the following choices would be a debit entry in the consolidated worksheet for 2009?
Inventory
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4. Question :
MultipleChoice 1890914368
9 MultipleChoice
True 9
(TCO 3) Parent sold land to its subsidiary for a gain in 2007. The subsidiary sold the land externally for a gain in 2010. Which of the following statements is true?
Student Answer: A gain will be reported on the consolidated income statement in 2007
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5. Question :
MultipleChoice 1890914369
6 MultipleChoice
False 6
(TCO 3) Using the indirect method, where does the decrease in accounts receivable appear on a consolidated statement of cash flows?
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MultipleChoice 1890914370
22 MultipleChoice
True 22
WEEK 5