True-False Statement with explanation! 1) The statement of cash flows classifies cash receipts and payments as...
True-False Statement with explanation!
1) The statement of cash flows classifies cash receipts and payments as operating, nonoperating, and financial activities.
2) In preparing a statement of cash flows, an increase in the Share Capital and Treasury Shares accounts during a period would be an investing activity.
Homework Answers
Answer
1. False
Three cash flow statement activities are
Operating
Investing and
Financing.
2.
True.
Increase in share capital leads to increment in Financing activity cash flow
On the other side treasury shares decrease the cash from financing activity.
Both are financing activity one lead to increase and other leads to decrease in cash.
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