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Exam 16: Statement of Cash Flows

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Question 101

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The order of presentation of activities on the statement of cash flows is

A) operating, investing, and financing
B) operating, financing, and investing
C) financing, operating, and investing
D) financing, investing, and operating

E) A) and B)
F) A) and C)

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Question 102

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Identify the section of the statement of cash flows (a-d) where each of the following items would be reported. -Purchase of the stock of another company as investment

A) Operating activities
B) Financing activities
C) Investing activities
D) Schedule of noncash financing and investing

E) B) and C)
F) C) and D)

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Question 103

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The following information is available from the current period financial statements:​ The net cash flow from operating activities using the indirect method is

If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000,the total amount reported in the Cash flows from investing activities section of the statement of cash flows is

The statement of cash flows shows the effects on cash of a company's operating,investing,and financing activities.

There are two alternatives to reporting cash flows from operating activities in the statement of cash flows: (1)the direct method and (2)the indirect method.

Cash inflows and outflows are not netted in the investing or financing sections of the statement of cash flows but are separately disclosed to give the reader full information.