Which of the following will NOT be reported in the Statement of Cash Flows?

(a) The net change in plant assets during the year
(b) Cash payments for plan assets during the year
(c) Cash receipts from sales of plant assets during the year
(d) Sources of financing during the period

Ans: (a) The net change in plant assets during the year

Business

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Amounts needed for the preparation of the budgeted balance sheet are taken from various operating and financial budgets

Indicate whether the statement is true or false

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Which of the following is defined as the cost of credit expressed as a dollar amount?

a. APR b. Finance charge c. Loan-to-value d. Debt ratios

Business