Answered: Which of the following would be least…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 1P: Classification of Cash Flows A company's statement of cash flows and the accompanying schedule of...

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Question

Which of the following would be least likely to be considered a managerial accounting report?

a.a report to analyze potential efficiencies and savings for the purchase of new production equipment

b.a statement of stockholders' equity

c.a schedule of total manufacturing costs incurred

d.a statement of cost of goods manufactured

Bonds payable issued in exchange for building and equipment would be reported in the statement of cash flows in:

A.a separate schedule

B.the cash flows from operating activities section

C.the cash flows from investing activities section

D.the cash flows from financing activities section

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $95,000 and expected direct labor hours of 9,500 for the current fiscal year. If job number 117 incurs 2,300 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for

a.$21,850

b.$95,000

c.$23,000

d.$2,300

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