Exam (elaborations)
HBX Core Exam Financial Accounting With 100% Correct And Verified Answers
- Course
- Institution
HBX Core Exam Financial Accounting With 100% Correct And Verified Answers
[Show more]
Content preview
HBX Core Exam Financial AccountingWith 100% Correct And Verified Answers
3 types of financial statements - Correct Answer-balance
sheet, income statement, statement of cash flows
Statement of Cash Flows - Correct Answer-A financial
statement that provides a detailed financial picture about the
cash receipts and cash payments of a business for a specific
period of time. It also reconciled beginning and end
balances.
sections of statement of cash flows - Correct Answer-
operating activities, investing activities, financing activities
cash flows from operating activities - Correct Answer-cash
inflows and outflows directly related to earnings from
normal operations. Under US GAAP, interest paid is
included here. Result is net cash flow from operating
activities.
indirect method of preparing operating section of cash flow -
Correct Answer-Start with net income from income
statement. Make adjustments to undo impact of accruals
made during that period.
Vendarsol
, cash flows from investing activities - Correct Answer-cash
inflows and outflows related to the acquisition or sale of
productive facilities, investments in the securities of other
companies, and loans to 3rd parties
cash flows from financing activities - Correct Answer-cash
inflows and outflows related to external sources of financing
(owners/investors and creditors) for the enterprise. Under
GAAP, dividends paid is in this section. Under IFRS,
dividends paid may be in operating section an interest paid
my be here.
Start up cash flow - Correct Answer-Negative or low
operating activity, negative cash from investing, large
fluctuations in cash flow from financing
Profitable/ growing business cash flow - Correct Answer-
Positive cash from operating activity, negative cash from
investing, positive/negative/neutral cash flow from financing
Mature company cash flow - Correct Answer-Positive cash
from operating activity, slightly negative cash from
investing, negative cash flow from financing
Vendarsol
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Vendarsol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76658 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now