Question 1

Cash flows from selling trading securities are usually reported in the statement of cash flows as part of:

Accepted Answer

A) Operating activities. 
B) Financing activities. 
C) Investing activities. 
D) Noncash activities. 
E) This is not reported in the statement of cash flows. 
A) Operating activities. 
B) Financing activities. 
C) Investing activities. 
D) Noncash activities. 
E) This is not reported in the statement of cash flows.

Question 2

Of the following,which one affects cash during a period?

Accepted Answer

A) The payment of interest expense accrued in a previous accounting period. 
B) Writing off an uncollectible account receivable. 
C) The declaration of a cash dividend. 
D) An adjusting entry recognizing the expiration of prepaid insurance. 
E) The declaration of a stock dividend. 
A) The payment of interest expense accrued in a previous accounting period. 
B) Writing off an uncollectible account receivable. 
C) The declaration of a cash dividend. 
D) An adjusting entry recognizing the expiration of prepaid insurance. 
E) The declaration of a stock dividend.

Question 3

Northington,Inc.is preparing the company's statement of cash flows for the fiscal year just ended.Using the following information,determine the amount of cash flows from financing activities:

Accepted Answer

A) ($168,000). 
B) $200,000. 
C) $168,000. 
D) ($191,700). 
E) $191,700. 
A) ($168,000). 
B) $200,000. 
C) $168,000. 
D) ($191,700). 
E) $191,700.

Question 4

A company's income statement showed the following: net income,$124,000 and depreciation expense,$30,000.An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400;merchandise inventory increased $18,000;and accounts payable increased $3,400.Calculate the net cash provided or used by operating activities.

Accepted Answer

A) $118,000. 
B) $159,200. 
C) $123,200. 
D) $148,800. 
E) $178,000. 
A) $118,000. 
B) $159,200. 
C) $123,200. 
D) $148,800. 
E) $178,000.

Question 5

Common uses of the statement of cash flows include all but which of the following?

Accepted Answer

A) Management prediction of future cash flows for decision making. 
B) Investor assessment of cash flows before buying and selling stock. 
C) Creditor evaluation of a company's ability to generate cash to cover debt. 
D) Government assessment of whether company is able to pay taxes as they become due. 
E) Management determination of the specific sources and uses of cash. 
A) Management prediction of future cash flows for decision making. 
B) Investor assessment of cash flows before buying and selling stock. 
C) Creditor evaluation of a company's ability to generate cash to cover debt. 
D) Government assessment of whether company is able to pay taxes as they become due. 
E) Management determination of the specific sources and uses of cash.

Question 6

In preparing a company's statement of cash flows for the most recent year using the indirect method,the following information is available:   Net cash provided by operating activities was:

Accepted Answer

A) $120,000. 
B) $71,000. 
C) $70,000. 
D) $24,000. 
E) $110,000. 
A) $120,000. 
B) $71,000. 
C) $70,000. 
D) $24,000. 
E) $110,000.

Question 7

The following selected account balances are taken from a merchandising company's records:   (a)Calculate the cash payments made during 2015 for merchandise.Assume all of the company's accounts payable balances result from merchandise purchases.
(b)Calculate the cash receipts from customer sales during 2015.
(c)Calculate the cash payments for salaries during 2015.

Accepted Answer

The answer of The following selected account balances are taken...

Question 8

Bagrov Corporation had a net decrease in cash of $10,000 for the current year.Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000.What amount of cash was provided (used)in operating activities?

Accepted Answer

A) $100,000 provided. 
B) ($100,000)used. 
C) $80,000 provided. 
D) ($80,000)used. 
E) ($10,000)useD.Operating - 52,000 investing - 38,000 financing = 10,000 cash decrease 
A) $100,000 provided. 
B) ($100,000)used. 
C) $80,000 provided. 
D) ($80,000)used. 
E) ($10,000)useD.Operating - 52,000 investing - 38,000 financing = 10,000 cash decrease

Question 9

The statement of cash flows is:

Accepted Answer

A) Another name for the statement of financial position. 
B) A financial statement that presents information about changes in equity during a period. 
C) A financial statement that reports the cash inflows and cash outflows for an accounting period,and that classifies those cash flows as operating activities,investing activities,or financing activities. 
D) A financial statement that lists the types and amounts of assets,liabilities,and equity of a business on a specific date. 
E) A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period. 
A) Another name for the statement of financial position. 
B) A financial statement that presents information about changes in equity during a period. 
C) A financial statement that reports the cash inflows and cash outflows for an accounting period,and that classifies those cash flows as operating activities,investing activities,or financing activities. 
D) A financial statement that lists the types and amounts of assets,liabilities,and equity of a business on a specific date. 
E) A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.

Question 10

Use the following information to calculate cash paid for income taxes:

Accepted Answer

A) $23,700. 
B) $52,100. 
C) $53,200. 
D) $41,900. 
E) $43,000. 
A) $23,700. 
B) $52,100. 
C) $53,200. 
D) $41,900. 
E) $43,000.

Question 11

Use the following information to calculate cash paid for wages and salaries:

Accepted Answer

A) $157,400. 
B) $163,800. 
C) $168,000. 
D) $172,200. 
E) $174,400. 
A) $157,400. 
B) $163,800. 
C) $168,000. 
D) $172,200. 
E) $174,400.

Question 12

When analyzing the changes on a spreadsheet used to prepare a statement of cash flows,the cash flows from operating activities generally affect:

Accepted Answer

A) Net income,current assets,and current liabilities. 
B) Noncurrent assets. 
C) Noncurrent liability and equity accounts. 
D) Both noncurrent assets and noncurrent liabilities. 
E) Equity accounts only. 
A) Net income,current assets,and current liabilities. 
B) Noncurrent assets. 
C) Noncurrent liability and equity accounts. 
D) Both noncurrent assets and noncurrent liabilities. 
E) Equity accounts only.

Question 13

___________________ activities include those transactions that affect long-term liabilities and equity.

Accepted Answer

The answer of ___________________ activities include those transactions that affect...

Question 14

The cash flow on total assets ratio is computed by dividing _____________ by ____________.
(Answers must appear in this order. )

Accepted Answer

cash flows

Cash flows from selling trading securities are usually reported in the statement of cash flows as part of:

Of the following,which one affects cash during a period?

Northington,Inc.is preparing the company's statement of cash flows for the fiscal year just ended.Using the following information,determine the amount of cash flows from financing activities:

Common uses of the statement of cash flows include all but which of the following?

In preparing a company's statement of cash flows for the most recent year using the indirect method,the following information is available: Net cash provided by operating activities was:

Bagrov Corporation had a net decrease in cash of $10,000 for the current year.Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000.What amount of cash was provided (used)in operating activities?

The statement of cash flows is:

Use the following information to calculate cash paid for income taxes:

Use the following information to calculate cash paid for wages and salaries:

When analyzing the changes on a spreadsheet used to prepare a statement of cash flows,the cash flows from operating activities generally affect:

___________________ activities include those transactions that affect long-term liabilities and equity.

The cash flow on total assets ratio is computed by dividing _ by . (Answers must appear in this order. )

Accounting in Business

Analyzing and Recording Transactions

Adjusting Accounts and Preparing Financial Statements

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories and Cost of Sales

Accounting Information Systems

Cash and Internal Controls

Accounting for Receivables

Plant Assets, Natural Resources, and Intangibles

Current Liabilities and Payroll Accounting

Accounting for Partnerships

Accounting for Corporations

Long-Term Liabilities

Investments and International Operations

Analysis of Financial Statements

Managerial Accounting Concepts and Principles

Job Order Cost Accounting

Process Cost Accounting

Cost-Volume-Profit Analysis

Master Budgets and Planning

Flexible Budgets and Standard Costs

Performance Measurement and Responsibility Accounting

Capital Budgeting and Managerial Decisions

Appendix B: Time Value of Money

Appendix C: Activity-Based Costing

Filters

Exam 16: Reporting the Statement of Cash Flows

Cash flows from selling trading securities are usually reported in the statement of cash flows as part of:

Of the following,which one affects cash during a period?

Northington,Inc.is preparing the company's statement of cash flows for the fiscal year just ended.Using the following information,determine the amount of cash flows from financing activities:

Common uses of the statement of cash flows include all but which of the following?

In preparing a company's statement of cash flows for the most recent year using the indirect method,the following information is available: Net cash provided by operating activities was:

Bagrov Corporation had a net decrease in cash of $10,000 for the current year.Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000.What amount of cash was provided (used)in operating activities?

The statement of cash flows is:

Use the following information to calculate cash paid for income taxes:

Use the following information to calculate cash paid for wages and salaries:

When analyzing the changes on a spreadsheet used to prepare a statement of cash flows,the cash flows from operating activities generally affect:

___________________ activities include those transactions that affect long-term liabilities and equity.

The cash flow on total assets ratio is computed by dividing _____________ by ____________. (Answers must appear in this order. )

Accounting in Business

Analyzing and Recording Transactions

Adjusting Accounts and Preparing Financial Statements

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories and Cost of Sales

Accounting Information Systems

Cash and Internal Controls

Accounting for Receivables

Plant Assets, Natural Resources, and Intangibles

Current Liabilities and Payroll Accounting

Accounting for Partnerships

Accounting for Corporations

Long-Term Liabilities

Investments and International Operations

Analysis of Financial Statements

Managerial Accounting Concepts and Principles

Job Order Cost Accounting

Process Cost Accounting

Cost-Volume-Profit Analysis

Master Budgets and Planning

Flexible Budgets and Standard Costs

Performance Measurement and Responsibility Accounting

Capital Budgeting and Managerial Decisions

Appendix B: Time Value of Money

Appendix C: Activity-Based Costing

Filters

The cash flow on total assets ratio is computed by dividing _ by . (Answers must appear in this order. )