Homework Answers
Statement of cash flow has three sections
1) Operating activities includes cash revenue and expense from general course of business
2) Investing activities includes cash purchase of long term assets and cash sale of long term assets
3) Financing activities includes Cash received from issue of Stocks and bonds and dividend paid
So answer is a) the investing section
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Which of the following sections of the statement of cash flows include purchases and sales of...
Which of the following sections of the statement of cash flows include activities that affect current...
Which of the following sections of the statement of cash flows include activities that affect current assets and current liabilities on the balance sheet? (Assume the Indirect method is used) O A. the investing section OB. the financing section O c. the non-cash investing and financing section O D. the operating section
1. Which of the following sections of the statement of cash flows include activities that increase...
1. Which of the following sections of the statement of cash flows include activities that increase and decrease long-term liabilities and stockholders' equity? A) the investing section B) the non-cash investing and financing section C) the financing section D) the operating section 2. Walker Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Walker Corp. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase/degrease Cash...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Investing and Financing Activities NOT affecting cash A list of items that appear on the Cash Flows Statement appear below: Using the letters (A-D), indicate in which section(s) of the statement of cash flows (or accompanying schedule) the preceding items would most likely be classified A Investing and Financing Activities NOT affecting cash B. Cash Flows...
Upon review of Make Your Mark, Inc.'s Statement of Cash Flows, the following was noted: Cash...
Upon review of Make Your Mark, Inc.'s Statement of Cash Flows, the following was noted: Cash Flows from Operating Activities $15,000 Cash Flows from Investing Activities ($80,000) Cash Flows from Financing Activities $60,000 From this information, the most likely explanation is that Make Your Mark is O A using cash from operations to repay long term debt and purchase long term assets. OB, using cash from operations and issuing common stock to purchase long term assets. OC, assuming long term...
Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which...
Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is incorrect? O A. The spreadsheet cannot be used for the direct method. OB. When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows. OC. Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet OD. The spreadsheet starts with the beginning balance sheet and concludes with the...
QUESTION 23 In the statement of cash flows, investing cash flows would include purchases of inventory...
QUESTION 23 In the statement of cash flows, investing cash flows would include purchases of inventory purchases of equipment payment of cash dividends O issuance of bonds QUESTION 24 Which of the following cash flows would NOT be included as a financing activity in the statement of cash flows? O Cash received from the issuance of common stock O Cash paid to a lender for a reduction of the principal of an existing loan O Cash paid to a lender...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
Which one of the following statements is false? The statement of cash flows reports the cash...
Which one of the following statements is false? The statement of cash flows reports the cash receipts and cash payments of an entity over a period of time. Both the statement of cash flows and the income statement determine the net income for a company. Transactions affecting the sale and the purchase or production of goods and services are reported in the operating activities section of the statement of cash flows. Investing activities in the statement of cash flows include...
César A. Martinan Prof. Arritola Managerial Test 1 - Ch. 13 - Statement of Cash Flows Multiple Choice wer the ques...
César A. Martinan Prof. Arritola Managerial Test 1 - Ch. 13 - Statement of Cash Flows Multiple Choice wer the question Identify the choice that best completes the statement or 1. Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flow? a cash cash and money market funds c. cash and cash equivalents d. cash and U.S. treasury bonds 2. Which of the following can be found on the statement of...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000,...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000, cash flow from financing activities of ($124,000), and cash flow from investing activities of S105,000. Athena, Inc. invested S65,000 cash in long term assets. Athena, Inc.'s free cash flow is: O A. $40,000 OB. $17,000 OC. $59,000. OD. $36,000.
Which of the following sections of the statement of cash flows include activities that affect current assets and current liabilities on the balance sheet? (Assume the Indirect method is used) O A. the investing section OB. the financing section O c. the non-cash investing and financing section O D. the operating section
1. Which of the following sections of the statement of cash flows include activities that increase and decrease long-term liabilities and stockholders' equity? A) the investing section B) the non-cash investing and financing section C) the financing section D) the operating section 2. Walker Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Walker Corp. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase/degrease Cash...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Investing and Financing Activities NOT affecting cash A list of items that appear on the Cash Flows Statement appear below: Using the letters (A-D), indicate in which section(s) of the statement of cash flows (or accompanying schedule) the preceding items would most likely be classified A Investing and Financing Activities NOT affecting cash B. Cash Flows...
Upon review of Make Your Mark, Inc.'s Statement of Cash Flows, the following was noted: Cash Flows from Operating Activities $15,000 Cash Flows from Investing Activities ($80,000) Cash Flows from Financing Activities $60,000 From this information, the most likely explanation is that Make Your Mark is O A using cash from operations to repay long term debt and purchase long term assets. OB, using cash from operations and issuing common stock to purchase long term assets. OC, assuming long term...
Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is incorrect? O A. The spreadsheet cannot be used for the direct method. OB. When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows. OC. Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet OD. The spreadsheet starts with the beginning balance sheet and concludes with the...
QUESTION 23 In the statement of cash flows, investing cash flows would include purchases of inventory purchases of equipment payment of cash dividends O issuance of bonds QUESTION 24 Which of the following cash flows would NOT be included as a financing activity in the statement of cash flows? O Cash received from the issuance of common stock O Cash paid to a lender for a reduction of the principal of an existing loan O Cash paid to a lender...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
César A. Martinan Prof. Arritola Managerial Test 1 - Ch. 13 - Statement of Cash Flows Multiple Choice wer the question Identify the choice that best completes the statement or 1. Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flow? a cash cash and money market funds c. cash and cash equivalents d. cash and U.S. treasury bonds 2. Which of the following can be found on the statement of...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000, cash flow from financing activities of ($124,000), and cash flow from investing activities of S105,000. Athena, Inc. invested S65,000 cash in long term assets. Athena, Inc.'s free cash flow is: O A. $40,000 OB. $17,000 OC. $59,000. OD. $36,000.
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