Mortgage Bond obtained/secured from Lee Bank will be recorded as a cash outflow under financing activities in the Statement of Cash Flows. Select one: True O False
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- In what section of the balance sheet should the following items appear, and what balance sheet terminology would you use? a. Treasury stock (recorded at cost). b. Checking account at bank. c. Land (held as an investment). d. Sinking fund. e. Unamortized premium on bonds payable. f. Copyrights. g. Pension fund assets. h. Premium on common stock. i. Long-term investments (pledged against bank loans payable).On the statement of cash flows, which of the following items is classified as a financingactivity?a. Borrowing cash by signing a long-term noteb. Purchasing investments with cashc. Acquiring long-term assets with cashd. Loaning money with a short-term note receivableCash borrowed on a mortgage note is a(n) ________ activity on the statement of cash flows. Question content area bottom Part 1 A. operating B. investing C. financing D. noncash investing and financing
- All the following are assets for commericial banks exept: A) loans B)cash C)Deposits D)Investment securitiesWhen income is to be recognized on cash basis. by Safe Trust Bank, a distinction should be made between a. Banking and Non-banking assets b. Monetary and Non-banking assets c. Current and Non-current assets d. Performing and Non-performing assets. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable? A. Secured short-term loan B. Unsecured short-term loan C. Secured long-term loan D. Unsecured long-term loan E. Trust receipt loan
- How do creditors assess risk when lending funds to a company? a. By establishing covenants in the borrowing agreement b. By monitoring the borrower’s debt-to-equity ratio c. By checking a prospective borrower’s credit rating before lending to it d. All of the above answers are correct.Identify which of the following items is a noncash investing and financing activity that must be reported in a note to the statement of cash flows. (Check all that apply.) O Retirement of debt by issuing stock O Lease of an asset in a long-term lease transaction O Repayment of a note with cash O Purchase of a plant asset with cashBank Intermediation Ratio also used to assess its liquidity* Capital to Loans Ratio Deposits to Capital Ratio Deposits to Loan Ratio Deposits to Total Assets Ratio Loans to Deposits Ratio
- Note payments reduce cash and are related to long-term debt. Do these facts automatically lead to their inclusion as elements of the financing section of the statement of cash flows? Explain.Which of the following would be included in the financing section? A. loss on sale of investments B. depreciation expense C. increase in notes receivable D. decrease in notes payable14. Which of the following would be classified as a financing activity on a statement of cash flows? Sale of a loan receivable Payment of interest to a creditor Payment of a bond payable Declaration and distribution of a stock dividend