Exam 10: Statement of Cash Flows

MATCHING Indicate whether each of the following would be under Operating,Investing,Financing,or whether the item would not appear on the statement of cash flows. -Cash paid to suppliers

Tim Company had sales of $30,000,increase in accounts payable of $5,000,decrease in accounts receivable of $1,000,increase in inventories of $4,000,and depreciation expense of $4,000.What was the cash collected from customers?

Which of the following accounts will not be considered when computing cash flow from operations?

The statement of cash flows is presented on a working capital basis.

Which of the following transactions is not reflected in a statement of cash flows?

The operating cash flow/current maturities of long-term debt and current notes payable is a ratio that indicates long-term,debt-paying ability.

Management should not use the statement of cash flows for which of the following purposes?

MATCHING Indicate whether each of the following would be under Operating,Investing,Financing,or whether the item would not appear on the statement of cash flows. -Exercise of stock options by officers

Which of the following is not an item added back to income in the operations section of the statement of cash flows when using the indirect presentation?

Only cash flow transactions are presented in the statement of cash flows,including supporting schedules.

With the indirect method of presenting cash from operations,the income statement is essentially presented on a cash receipts and cash payments basis.

MATCHING Indicate whether each of the following would be under Operating,Investing,Financing,or whether the item would not appear on the statement of cash flows. -Issuance of bonds payable for cash

MATCHING Indicate whether each of the following would be under Operating,Investing,Financing,or whether the item would not appear on the statement of cash flows. -Proceeds from sale of equipment