Statement of Cash Flows
15 questions available
Questions
Which of the following is NOT a primary purpose of the statement of cash flows?
View answer and explanationCash receipts from interest and dividends are classified as which type of activity on the statement of cash flows?
View answer and explanationThe issuance of common stock in exchange for land would be reported in which section of the statement of cash flows or its accompanying notes?
View answer and explanationWhen preparing the operating activities section of the statement of cash flows using the indirect method, what is the treatment for depreciation expense?
View answer and explanationUsing the indirect method, if Accounts Receivable increases during the period, how is this change treated in the operating activities section?
View answer and explanationFree cash flow is calculated using which of the following formulas?
View answer and explanationThe sale of equipment at a loss would be reported on the statement of cash flows in which manner?
View answer and explanationWhich of the following activities is classified as a financing activity?
View answer and explanationIf Josh's PhotoPlus reported net income of $73,000, depreciation expense of $7,000, a gain on disposal of equipment of $2,500, an increase in accounts receivable of $4,000, and a decrease in accounts payable of $3,800, what is its net cash provided by operating activities?
View answer and explanationAccording to the direct method, how are cash receipts from customers calculated?
View answer and explanationThe information to prepare the statement of cash flows generally comes from all of the following sources EXCEPT:
View answer and explanationWhat is the primary difference between the direct and indirect methods of presenting the statement of cash flows?
View answer and explanationThe Chicago Corporation had net cash provided by operating activities of $29,300, capital expenditures (purchase of equipment) of $19,000, and paid cash dividends of $9,000. What was its free cash flow?
View answer and explanationHow is an increase in the Inventory account treated under the indirect method?
View answer and explanationA company issues bonds payable in exchange for land. This transaction would be classified as a:
View answer and explanation