Question 1

The statement of cash flows reports:

Accepted Answer

A) Assets,liabilities,and equity. 
B) Revenues,gains,expenses,and losses. 
C) Cash inflows and cash outflows for an accounting period. 
D) Equity,net income,and dividends. 
E) Changes in equity. 
A) Assets,liabilities,and equity. 
B) Revenues,gains,expenses,and losses. 
C) Cash inflows and cash outflows for an accounting period. 
D) Equity,net income,and dividends. 
E) Changes in equity.

Question 2

If a company borrows money from a bank,the interest paid on this loan should be reported on the statement of cash flows as a(n):

Accepted Answer

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

Question 3

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) $34,000. 
B) $60,000. 
C) $70,000. 
D) $80,000. 
E) $52,000. 
A) $34,000. 
B) $60,000. 
C) $70,000. 
D) $80,000. 
E) $52,000.

Question 4

Use the information provided to calculate the missing cash received for interest for the period.

Accepted Answer

The answer of Use the information provided to calculate the...

Question 5

Equipment costing $100,000 with accumulated depreciation of $40,000 is sold at a loss of $10,000.This implies that $40,000 cash was received from the sale.

Accepted Answer

A) True 
 B)False

Question 6

Use the following information about the current year's operations of a company to calculate cash provided (used)by operations.

Accepted Answer

A) $(4,000). 
B) $2,000. 
C) $(28,000). 
D) $(14,000). 
E) $10,000. 
A) $(4,000). 
B) $2,000. 
C) $(28,000). 
D) $(14,000). 
E) $10,000.

Question 7

When preparing the operating activities section of the statement of cash flows using the direct method,non-operating gains are added to net income.

Accepted Answer

A) True 
 B)False

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. 
A) $100,000 provided. 
B) $(100,000)used. 
C) $80,000 provided. 
D) $(80,000)used. 
E) $(10,000)used.

Question 9

Based on the following income statement and balance sheet for Bankowski Corporation,determine the cash flows from operating activities using the indirect method.

Accepted Answer

The answer of Based on the following income statement and...

Question 10

A company had average total assets of $3,216,000,total cash flows of $1,320,000,cash flows from operations of $554,000,and cash flows for plant assets of $850,000.The cash flow on total assets ratio equals:

Accepted Answer

A) 41.04%. 
B) 41.97%. 
C) 26.43%. 
D) 17.23%. 
E) 64.39%. 
A) 41.04%. 
B) 41.97%. 
C) 26.43%. 
D) 17.23%. 
E) 64.39%.

Question 11

A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:

Accepted Answer

A) An increase in cash flows from financing activities 
B) An increase in cash flows from investing activities 
C) A decrease in cash flows from operating activities 
D) A decrease in cash flows from investing activities 
E) A decrease in cash flows from financing activities 
A) An increase in cash flows from financing activities 
B) An increase in cash flows from investing activities 
C) A decrease in cash flows from operating activities 
D) A decrease in cash flows from investing activities 
E) A decrease in cash flows from financing activities

Question 12

A company reported net income of $318,000,operating cash flows of $218,000,total cash flows of $184,000,and average total assets of $898,000.Calculate its cash flow on total assets ratio.

Accepted Answer

Cash Flow on Total Assets = Op

Question 13

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are added to net income.

Accepted Answer

A) True 
 B)False

Question 14

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:

Accepted Answer

A) Operating activities. 
B) Financing activities. 
C) Investing activities. 
D) Schedule of noncash investing or financing activity. 
E) Reconciliation of cash balance. 
A) Operating activities. 
B) Financing activities. 
C) Investing activities. 
D) Schedule of noncash investing or financing activity. 
E) Reconciliation of cash balance.

Question 15

All cash transactions eventually affect noncash ________ accounts.

Accepted Answer

The answer of All cash transactions eventually affect noncash ________...

Question 16

The cash flow on total assets ratio is computed by dividing ________ by ________.

Accepted Answer

cash flows from oper

Question 17

What are the five usual steps involved in the preparation of the statement of cash flows?

Accepted Answer

The preparation of the statement of cash

Question 18

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are subtracted from net income.

Accepted Answer

A) True 
 B)False

Question 19

A main purpose of the statement of cash flows is to report all the major cash ________ and cash ________ .________.

Accepted Answer

receipts (

Question 20

Investing activities include receiving cash dividends from investments in other companies' stocks.

Accepted Answer

A) True 
 B)False

The statement of cash flows reports:

If a company borrows money from a bank,the interest paid on this loan should be reported on the statement of cash flows as a(n):

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:

Use the information provided to calculate the missing cash received for interest for the period.

Equipment costing $100,000 with accumulated depreciation of $40,000 is sold at a loss of $10,000.This implies that $40,000 cash was received from the sale.

Use the following information about the current year's operations of a company to calculate cash provided (used)by operations.

When preparing the operating activities section of the statement of cash flows using the direct method,non-operating gains are added to net income.

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?

Based on the following income statement and balance sheet for Bankowski Corporation,determine the cash flows from operating activities using the indirect method.

A company had average total assets of $3,216,000,total cash flows of $1,320,000,cash flows from operations of $554,000,and cash flows for plant assets of $850,000.The cash flow on total assets ratio equals:

A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:

A company reported net income of $318,000,operating cash flows of $218,000,total cash flows of $184,000,and average total assets of $898,000.Calculate its cash flow on total assets ratio.

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are added to net income.

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:

All cash transactions eventually affect noncash ________ accounts.

The cash flow on total assets ratio is computed by dividing by .

What are the five usual steps involved in the preparation of the statement of cash flows?

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are subtracted from net income.

A main purpose of the statement of cash flows is to report all the major cash and cash ..

Investing activities include receiving cash dividends from investments in other companies' stocks.

Introducing Financial Statements

Financial Statements and the Accounting System

Adjusting Accounts for Financial Statements

Reporting and Analyzing Merchandising Operations

Reporting and Analyzing Inventories

Reporting and Analyzing Cash,fraud,and Internal Control

Reporting and Analyzing Receivables

Reporting and Analyzing Long-Term Assets

Reporting and Analyzing Current Liabilities

Reporting and Analyzing Long-Term Liabilities

Reporting and Analyzing Equity

Analyzing and Interpreting Financial Statements

Applying Present and Future Values

Investments

International Operations

Filters

Exam 12: Reporting and Analyzing Cash Flows

The statement of cash flows reports:

If a company borrows money from a bank,the interest paid on this loan should be reported on the statement of cash flows as a(n):

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:

Use the information provided to calculate the missing cash received for interest for the period.

Equipment costing $100,000 with accumulated depreciation of $40,000 is sold at a loss of $10,000.This implies that $40,000 cash was received from the sale.

Use the following information about the current year's operations of a company to calculate cash provided (used)by operations.

When preparing the operating activities section of the statement of cash flows using the direct method,non-operating gains are added to net income.

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?

Based on the following income statement and balance sheet for Bankowski Corporation,determine the cash flows from operating activities using the indirect method.

A company had average total assets of $3,216,000,total cash flows of $1,320,000,cash flows from operations of $554,000,and cash flows for plant assets of $850,000.The cash flow on total assets ratio equals:

A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:

A company reported net income of $318,000,operating cash flows of $218,000,total cash flows of $184,000,and average total assets of $898,000.Calculate its cash flow on total assets ratio.

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are added to net income.

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:

All cash transactions eventually affect noncash ________ accounts.

The cash flow on total assets ratio is computed by dividing ________ by ________.

What are the five usual steps involved in the preparation of the statement of cash flows?

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are subtracted from net income.

A main purpose of the statement of cash flows is to report all the major cash ________ and cash ________ .________.

Investing activities include receiving cash dividends from investments in other companies' stocks.

Introducing Financial Statements

Financial Statements and the Accounting System

Adjusting Accounts for Financial Statements

Reporting and Analyzing Merchandising Operations

Reporting and Analyzing Inventories

Reporting and Analyzing Cash,fraud,and Internal Control

Reporting and Analyzing Receivables

Reporting and Analyzing Long-Term Assets

Reporting and Analyzing Current Liabilities

Reporting and Analyzing Long-Term Liabilities

Reporting and Analyzing Equity

Analyzing and Interpreting Financial Statements

Applying Present and Future Values

Investments

International Operations

Filters

The cash flow on total assets ratio is computed by dividing by .

A main purpose of the statement of cash flows is to report all the major cash and cash ..