Avatar Auto Parts Company uses the indirect method to prepare the statement of cash flows
Refer to the following section of the comparative balance sheet:
Avatar Company
Comparative Balance Sheet
December 31, 2017 and 2016
2017 2016 Increase/(Decrease)
Accounts Payable $4,000 $6,000 $(2,000 )
Accrued Liabilities 2,000 1,000 1,000
Long-term Notes Payable 84,000 90,000 (6,000 )
Total Liabilities $90,000 $97,000 $(7,000 )
How will the change in Accounts Payable be shown on the statement of cash flows?
A) as an addition to Net Income
B) as a deduction from Net Income
C) as a deduction from investing cash flows
D) as an addition to operating cash flows
B
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Which of the following statement is true regarding choice of the denominator volume level in conjunction with the process of allocating fixed manufacturing costs to production?
a. This choice has no effect on the standard overhead cost-allocation rate. b. The choice affects the standard overhead cost-allocation rate but not product cost. c. Under absorption (full) costing, this choice can affect reported profits for the period. d. The choice typically will affect end-of-period asset values, but not the production-volume variance for the period. e. The choice is important only if the company in question uses variable costing.
If you enter more than one independent variable in XL Data Analyst while performing regression, you are running:
A) bivariate regression B) single variable analysis C) multiple regression analysis D) polyvariable regression E) none of the above; you cannot enter more than one independent variable in XL Data Analyst