Podcast
Questions and Answers
Which of the following transactions is NOT reported in the statement of cash flows?
Which of the following transactions is NOT reported in the statement of cash flows?
- Credit card transactions (correct)
- Transactions between cash and cash equivalents
- Cash outflows
- Cash inflows
Which of the following is one of the five important steps to preparing a statement of cash flows?
Which of the following is one of the five important steps to preparing a statement of cash flows?
- Compute and report the net cash from or for financing activities
- Compute the net cash flow from all sources and prove the change.
- Compute and report the net cash from or for operating activities (correct)
- Compute the net income
Which of the following is NOT one of the five important steps to preparing a statement of cash flows?
Which of the following is NOT one of the five important steps to preparing a statement of cash flows?
- Compute and report the net cash from or for investing activities
- Compute net increase or decrease in cash
- Compute and report the net cash from or for financing activities
- Compute the net income (correct)
Which of the following steps involves computing the difference between the beginning and ending cash balances?
Which of the following steps involves computing the difference between the beginning and ending cash balances?
Which of the following is a noncash investing and financing activity that must be reported in a note to the statement of cash flows?
Which of the following is a noncash investing and financing activity that must be reported in a note to the statement of cash flows?
Which of the following is a cash investing and financing activity that must be reported in the statement of cash flows?
Which of the following is a cash investing and financing activity that must be reported in the statement of cash flows?
Which of the following is a long-term lease transaction that must be reported in a note to the statement of cash flows?
Which of the following is a long-term lease transaction that must be reported in a note to the statement of cash flows?
