Cash Flow Statement Flashcards

1
Q

Operating Activities Section includes

A

1) Gain on sale of plant assets

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2
Q

Cash management

A

An entity’s cash purchases and sales of investments considered as cash equivalents generally are part of the enterprise’s cash management activities, and the details of those transactions need not be reported in a statement of cash flows.

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3
Q

Investment Activities Section includes

A

Sales and purchases on non-current assets (gain on sale would be in operating section)

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4
Q

Direct Method

A
  • DOES NOT INCLUDE: reconciliation of ending retained earnings to net cash flow from operations.
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