cash flows

Question 1

What if more than 3 months

Answer 1

Investing less than three months operating

Question 2

Interest received and interest paid

Answer 2

Are operating

Question 3

Dividend paid

Answer 3

financing-distribution to oweners

Question 4

Operating

Answer 4

CA and CL

Question 5

Investing

Answer 5

NCA

Question 6

Financing

Answer 6

NCL and Se-

Question 7

Provided and used

Answer 7

Provided is Inflow and used is outflow

Question 8

Two methods of Recording operating section

Answer 8

Direct and Indirect- Direct method is preferred .Indirect method is reconciliation approach. Under indirect method start with net income and reconcile back

Question 9

Asset goes up it is a

Answer 9

Debit. When asset goes down it is a credit. When liability goes up it is a credit when liability goes down it is a debit

Question 10

Retained earnings could be operating or financing

Answer 10

Retained earnings could be change in cash or it could also be you paid a dividend

Question 11

Supplemental disclosures for statement of cash flows

Answer 11

Interest paid Income taxes paid