Statement of Cash Flows Flashcards
Info
Started on 27 August 2014 @3.00 PM
Total questions 59
To do at a time 30,29
Practice session 92
Would bond discount amortization be added back to net income when reporting operating activities’ cash flows by the indirect method?
Yes
What activities Inventory and Accounts Payable are
Operating Activities
Inventory increase Cash out
Accounts Payable decrease Cash out
prepaid expenses Depreciation expense accrued expenses is what
Operating Activity
What activity are Payments to retire mortgage notes and Dividend payments
cash outflow from financing activities.
Interest payments on mortgage note is what?
Interest payments on mortgage notes are included in cash outflows from operating activities because these payments are included in the determination of net income.
Amortization of the bond discount goes to which section?
Operating activities.
Collection of proceeds from a note payable is
Financing Activity
Collection of a note receivable from a related party.
Investing Activity
Collection of an overdue account receivable from a customer.
Operating Activity
Collection of a tax refund from the government.
Operating Activity
Cash flows from available-for-sale and held-to-maturity investments are both included
in investing activities
Accounts receivable
Allowance for uncollectible accounts
Prepaid rent expense
Accounts payable
Operating activity
Gain on sale of plant asset.
The operating activities section of the cash flow statement includes those items related to producing goods for sale and providing services. Generally, operating activities are related to net income and the current asset and current liability sections of the balance sheet.
Dividend paid is a
Financing activity