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CPA Far > Statement Of Cash Flows > Flashcards

Statement Of Cash Flows Flashcards

1
Q

Loan interest & cash dividends received are

A

Operating activity

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2
Q

Equity financing activities include

A

Issuing common and treasury stock, cash dividends paid

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3
Q

Investing LIP

A

Loans, Investments in stock or other companies; intangibles, PPE

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4
Q

Investing securities are

A

AFS & HTM

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5
Q

Major repairs

A

Investing

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6
Q

Ordinary repairs

A

Operating

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7
Q

Loaning to others

A

Investing

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8
Q

Financing a loan

A

Financing

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9
Q

Statement of cash flows

A

Explains cash change from balance sheet accounts

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10
Q

Operating activities are from

A

Production. Sales inventory, a/r, prepaids, current liabilities

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11
Q

Financing activity is

A

Issuing or paying debt and equity

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12
Q

Loss on land is

A

Added to net income in operating

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13
Q

Increase an operating liability is

A

Added to net income

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14
Q

Decrease in operating liability is

A

Subtracted from net income

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15
Q

Decrease in operating asset is

A

Added to net income

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16
Q

Increase in operating asset is

A

Subtracted from net income

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17
Q

Cash flows per share are

A

Not reported

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18
Q

Operating inflows include

A

Payments from customer, dividends, interest, disposal of securities

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19
Q

Outflows of operating include

A

Payments to suppliers, interest paid, income tax paid, buying securities, SG&A expense

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20
Q

Deferred tax expense is

A

Operating activity

21
Q

Major repairs to plant or equipment

A

Investing activity

22
Q

Proceeds from a corporate life insurance policy

A

Investing activity

23
Q

Acquisition and disposal of a long term asset (PP&E, intangibles, AFS & HTM securities)

A

Investing activity

24
Q

Collection of principal on loans made by entity

A

Investing activity

25
Q

In the operating section, a decrease in an asset

A

Is added back to net income

26
Q

In the operating section, an increase in a liability is

A

Added to net income

27
Q

In the operating section, a decrease in a liability is

A

Subtracted from net income

28
Q

In the operating section, an increase to an asset is

A

Subtracted from net income

29
Q

Cash equivalents are

A

Not reported

30
Q

A cash gain on sale of equipment is reported as

A

An operating deduction from net income

31
Q

Issue common or preferred stock

A

Financing activity

32
Q

Treasury stock transactions

A

Financing activity

33
Q

Non cash dividends payments

A

Financing activity

34
Q

Borrrowing or repaying principal payments

A

Financing activity

35
Q

Unamortized bond discounts

A

Operating section

36
Q

Sale of treasury stock

A

Financing inflow

37
Q

Non cash dividends paid

A

Financing outflow

38
Q

Amortization of bonds

A

Operating

39
Q

Cash paid for retirement if bonds payable

A

Financing outflow

40
Q

Cash proceeds from sale of treasury stock

A

Financing inflow

41
Q

Cash dividend paid

A

Financing outflow

42
Q

Gain on retirement of bonds payable

A

Operating

43
Q

Decrease in fixed assets is

A

Investing

44
Q

Capital expenditures is

A

Investing

45
Q

Issuance of company bonds is

A

A financing inflow

46
Q

Conversion of what should be reported in supplementary info

A

Debt to equity

47
Q

Bonds payable issued

A

Financing activity

48
Q

Decrease asset & increase liability

A

Add to net income

49
Q

Increase asset & decrease liability

A

Subtract from net income

CPA Far (9 decks)

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