Quiz 11 example #16569

Which of the following are significant non cash activities? (Select all that apply): Acquiring equipment by issuing a long-term note. Acquiring land by issuing common stock. Issuing common stock for cash. Selling land.

The statement of cash flows classifies items as: operating and non operating. recurring and nonrecurring. current and concurrent. operating, investing, and financing.

The statement of cash flows provides summary information about cash __ and cash __ during the year.

Indicate whether each item is a cash inflow or a cash outflow from operating activities. Collection on account Payment of salaries Payment on account Sale of services for cash

Transactions reported on the statement of cash flows that do not increase or decrease cash, but that result in significant investing and financing activities are referred to as __ __ activities.

Which of the following are cash outflows from financing activities? (Select all that apply): receive interest pay dividends purchase of supplies repay borrowing from bank issue common stock

Which of the following are cash outflows from investing activities? (Select all that apply): purchase of land purchase of long-term investments repayment of long-term debt payment of income taxes purchase of building

When using the indirect method to prepare the operating activities section of the statement of cash flows, the first amount is listed is __ __.

Changes to current assets and current liabilities require adjustment of net income under the indirect method because these changes increase or decease cash flows related to debt and SHE. these changes increase or decrease cash flows related to long-term assets. related cash may be higher or lower than the accrued amount included in net income.

Cash flows from __ activities include both inflows and outflows of cash from the external funding of a business.

In order to determine cash flows from financing activities, we need to examine changes to: long-term liability and SHE accounts. current assets and current liability accounts. long-term asset accounts.

Depreciation expense and amortization expense represent __-__ items requiring adjustments. to net income under the indirect method.

Which of the following items are classified as cash inflows from operating activities on the statement of cash flows? (Select all that apply): borrowing from bank collection from customers receipt of interest sale of a building payment of utilities

Adjustments to net income in calculating operating cash flows include: (Select all that apply): non operating items changes in current assets and current liabilities non cash items changes in concurrent assets and concurrent liabilities