Exam 13: Statement of Cash Flows

A company sells treasury stock for an amount less than its acquisition cost. If the company prepares the statement of cash flows using the indirect method or the direct method, where would this transaction appear?

If a company uses the indirect method to prepare the statement of cash flows, how will the adjustment to reflect the amount of cash payments to employees be presented on the statement?

A cash flow statement shows $14,000 from operations, ($8,500)from investing, and $23,000 from financing. The cash balance must have increased or decreased by

The balance sheet for Bostick Corporation follows: Operating income for the period was $13,650, while cash dividends paid were $3,770. The overall total of the uses of cash for Bostick Corporation for the year was

Which of the following would be considered an operating activity on the statement of cash flows?

When a company uses the indirect method to present the statement of cash flows, a gain on the sale of a long-term asset must be added to net income to reconcile to net cash provided by operating activities.

A company uses the indirect method to prepare the statement of cash flows. It presents the following amounts on its financial statements. *Relates solely to the acquisition of inventory What will appear in the operating activities section related to accounts receivable?

Of the following, which is not a cash outflow from an investing activity?

Which of the following is not included in the cash flow statement under the direct method of cash flow?

Buying and selling property, plant and equipment would be considered in

A company uses the indirect method to prepare the statement of cash flows. The board of directors declared dividends on common stock of $165,000 during the year. Dividends payable were $48,000 at the beginning of the year and $44,000 at the end of the year. A. What was the amount of cash paid for dividends during the year? B. Where will this amount appear on the statement of cash flows? C. How would the amount appear if the company uses the direct method to prepare the statement?

The operating activities section of the statement of cash flows includes paying dividends and paying off loans.

On the statement of cash flows, which of the following activities are included in the financing activities section?

A company uses the indirect method to prepare the statement of cash flows. It presents the following amounts on its financial statements. *Relates solely to the acquisition of inventory What will appear in the operating activities section related to salary payable?

Use the indirect method of preparing a statement of cash flows to answer the question. Ending balances for Sunday Hut are listed below: Net income for this year was $97,000 and dividends of $24,000 were declared and paid this year. What was the net cash inflow from financing activities?

Cash received from selling merchandise would be considered a

The statement of cash flows shows not only the amount of cash used during a particular time, but also how the cash was used.

If a company uses the indirect method to prepare the statement of cash flows, how will the adjustment to reflect the amount of cash payments to suppliers be presented on the statement?

Issuing preferred stock to stockholders would be a

The ________ section from the statement of cash flows includes activities that affect net income on the income statement.