Question Details

The sale of equipment at less than its book value 



1.	If accounts receivable increase during a period, revenues on an accrual basis are ______________ than revenues on a cash basis.


	2.	The sale of equipment at less than its book value is a(n) ______________ of cash that is reported in the ______________ activities section.


	3.	Free _______________ equals cash provided by operations less capital expenditures and cash dividends.


	a4.	Under the direct method, noncash charges, such as depreciation, are _______________ in the statement of cash flows.


	5.	Under the direct method, the two largest classes of items in the operating activities section for a merchandising company are cash ________________________ and cash _________________________.





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