Preview

Cash Flow Statement and Multiple Choice

Satisfactory Essays
Open Document
Open Document
537 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Cash Flow Statement and Multiple Choice
Student: elaine villalobos
Take Details
Assignment score:
40%
Total Time spent:
17 minutes, 54 seconds
Score for selected take:
40% (4/10)
Time spent on selected take:

1.

Your answer:

Multiple Choice 15-1
Cash inflows from operating activities come from
a. payment for raw materials.

b. gains on the sale of operating equipment.

c. collection of sales revenues.

d. issuing capital stock.

e. issuing bonds.

2.

Your answer:

Multiple Choice 15-2
Cash outflows from operating activities come from
a. collection of sales revenues.

b. payment for operating costs.

c. acquisition of operating equipment.

d. retirement of bonds.

e. None of these.

3.

Your answer:

Multiple Choice 15-3
Raising cash by issuing capital stock is an example of
a. a financing activity.

b. an investing activity.

c. an operating activity.

d. a noncash transaction.

e. None of these.

4.

Your answer:

Multiple Choice 15-4
Sources of cash include
a. profitable operations.

b. the issuance of long-term debt.

c. the sale of long-term assets.

d. the issuance of capital stock.

e. All of these.

5.

Your answer:

Multiple Choice 15-5
Uses of cash include
a. cash dividends.

b. the sale of old equipment.

c. the purchase of long-term assets.

d. both "cash dividends" and "the sale of old equipment".

e. both "cash dividends" and "the purchase of long-term assets".

6.

Your answer:

Multiple Choice 15-6
The difference between the beginning and ending cash balances shown on the balance sheet
a. is added to net income to obtain total cash inflows.

b. serves as a control figure for the statement of cash flows.

c. is deducted from net income to obtain net cash inflows.

d. is the source of all investing and financing activities.

e. is both "deducted from net income to obtain net cash inflows" and "the source of all investing and

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Polluter Corp Case Study

    • 596 Words
    • 3 Pages

    c. “Payments at the time of purchase or soon before or after purchase to acquire property, plant, and equipment and other productive assets… Generally, only … amounts paid at the time of purchase or soon before or after purchase of property, plant, and equipment and other productive assets are investing cash outflows.…

    • 596 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Acct305 Final Paper

    • 357 Words
    • 2 Pages

    C) Amounts on Cash Flow Statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment is:…

    • 357 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Cash Flows Case

    • 417 Words
    • 2 Pages

    Case 08-1 Go With the Flow, Inc. Go With the Flow, Incorporated (“Company”) designs, manufactures, and sells a broad range of mobile network products and systems and communication devices, including mobile, cordless and corded telephones. The Company's primary sources of liquidity are internally generated cash flows, the Company's debt and revolving credit facilities, and the sale of trade accounts receivables.…

    • 417 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Accounting Test 1

    • 504 Words
    • 6 Pages

    QUESTION 1 1. Annie's Attic has the following account balances for the dates given: Cash, Sept 1 $40,000 Cash, Sept 30 60,000 Accounts receivable, Sept 1 10,000 Accounts receivable, Sept 30 14,000 Owner's equity, Sept 1 ? Owner's equity, Sept 30 ? Supplies, Sept 1 30,000 Supplies Sept 30 24,000 Accounts payable, Sept 1 6,000 Accounts payable, Sept 30 ?…

    • 504 Words
    • 6 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A corporation uses the Internal Revenue Service's Web site to learn how to pay its estimated quarterly income taxes. This is an example of ________.…

    • 580 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In accordance with a bond agreement, assets are being accumulated in a sinking fund to pay bonds due in 20 years. The assets are reported as Investments. What other information should be reported about that item on the face of the government-wide financial statements?…

    • 2758 Words
    • 12 Pages
    Satisfactory Essays
  • Satisfactory Essays

    1. DTE is wrong 2. Capex 3. Defrev 4. Contributed capital 5.…

    • 536 Words
    • 7 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Bradford Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1, 2013. The bonds mature on December 31, 2022 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31.…

    • 642 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Statement of Cash Flows

    • 726 Words
    • 3 Pages

    The statement of cash flows serves multiple purposes. One is providing information about a company’s cash payments and receipts during a given period. A second purpose is to provide cash-basis information about the company’s operating, financing, and investing activities. Its format reconciles the beginning and ending cash balances for the period (Kieso, Weygandt & Warfield, 2007). The operating activities involve the cash effects of transactions that enter into the determination of net income, such as cash payments to employers and suppliers for acquisitions of expenses and inventory and also, the cash receipts from sales of goods or services.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Derek Fuchs Module 7, Homework 7, MGMT210 Brief Exercise 12-3, Three Types of Activities O, I, F F Repayment of long-term debt O Purchase of equipment O Collection of customer’s account F Issuance of common stock I Purchase of another company F Payment of dividends O Sale of equipment Brief Exercise 12-4, Direct versus Indirect Method Direct, Indirect I Net income I Increase in accounts receivable D Collections on accounts receivable D Payments on accounts payable I Decrease in accounts payable I Depreciation expense I Gain on early retirement of bonds D Cash Sales Brief Exercise 12-5, Direct Method 1. $3,000 2. ($1,000) 3.…

    • 439 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Accounting Questions

    • 990 Words
    • 4 Pages

    At the end of 2011, retained earnings for the Bisk Company was $1,750. Revenue earned by the company in 2011 was $2,000, expenses paid during the period were $1,100, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of 2011 was…

    • 990 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    company’s financial statements. He learns that sales for the first quarter of the year have dropped so…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Asset and General Fund

    • 2029 Words
    • 9 Pages

    4) Which of the following is not a typical governmental fund liability (and thus not an expenditure that is recognized when the liability is incurred)?…

    • 2029 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    Cash Flow Statements - Indirect method – Reconciliation for Cash from Operations –from Accrual profit to Cash generated.…

    • 544 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    A = $ 35,080 = L + E = 30,080 + 5,000 = $ 35,080…

    • 1278 Words
    • 6 Pages
    Powerful Essays