Exam 13: Statement of Cash Flows

The operating activities section of the statement of cash flows is the most important section.

The income statement and a partial balance sheet for Vespoint Company is presented below. Prepare the operating activities section of the statement of cash flows using the indirect method. Vespoint Company Income Statement For the Current Year Vespoint Company Partial Balance Sheet End of this year

The correct order of the sections on a statement of cash flows is

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 payable?

Which would not be included in the operating activities section of a direct method statement of cash flow?

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 provided by financing activities?

The three major categories included on the statement of cash flows are

A company uses the direct method to prepare the statement of cash flows. How will the amount of cash received from customers be computed?

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?

When a company uses the indirect method to present the statement of cash flows, cash received from the sale of a long-term asset increases the amount of net cash provided by investing activities.

A company pays cash dividends on preferred stock. If the company prepares the statement of cash flows using the indirect method or the direct method, where would this transaction appear?

Which of the following items would be reported in the financing activities section on the statement of cash flows?

Use the direct method of cash flows to answer the question. Beginning A/R: $68,000 Beginning Inventory: $42,500 Ending A/R: $79,000 Ending Inventory: $47,000 Credit Sales: $745,000 Beginning A/P: $29,000 Cost of Goods Sold: $412,000 Ending A/P: $36,300 Calculate the cash paid for merchandise for the year.

When a company uses the indirect method to present the statement of cash flows, depreciation expense must be subtracted from net income to reconcile to net cash provided by operating activities.

A payment of interest on a loan would be considered a

Under the direct method of cash flow, which is not included in the cash flow statement?

The beginning and ending balances of long-term debt are $64,000 and $35,200, respectively, and cash payments for long-term debt during the year were $34,100. How much new long-term debt was issued during the year?

Which of the following would appear on a statement of cash flows prepared using the direct method?

When a company uses the direct method to present the statement of cash flows, depreciation expense must be added to net income to reconcile to net cash provided by operating activities.

The balance sheet for Blineberry Corporation follows: Operating income for the period was $18,000, while cash dividends paid were $17,400. The overall total of the uses of cash for Blineberry Corporation for the year was