Ash flows - Study guides, Revision notes & Summaries

Statement of Cash Flows Shows the changes in cash for the same period of time as that covered by the income statement. The cash flow statement shows all sources of cash and all of the uses of cash. Provides information about cash receipts (inflows) and cash payments (outflows). How does the statement of cash flows differ from the other major financial statements? The other financial statements are based on accrual accounting (the realization principle and the matching concept) whereas t...

Accounting-Statement of Cash flows exam questions with 100% correct answers.

ACC 212 exam 2 homework 1. on which financial statement would dividends be depicted?: statement of stockholders' equity 2. retained earnings will primarily be depicted on the statement of cash flows- : false 3. (T/F) net income for a specified time period will be identical for both single step and multiple step income statement presentations: true 4. which of the following is a physical balance account?: both inventory and buildings w

Accounting-Statement of Cash flows exam questions with 100% correct answers.

Main Purpose of a Statement of Cash Flows correct answers To present information about the historical changes in cash and equivalents of an entity during a given period Cash and Cash Equivalents: Cash correct answers Defined as cash on hand and demand deposits, including overdrafts Cash and Cash Equivalents: Cash Equivalents correct answers Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes i...

Definition: Financial statement that shows the sources and uses of cash for the accounting period. Statement of Cash Flows (SCF) True or False: The SCF shows the effects on cash of a business's operating, investing, and financial activities for the accounting period. True What is cash defined as in relation to the statement of cash flows? Cash and cash equivalents True of False: Cash and cash equivalents are considered cash receipts or cash disbursements for SCF purposes...

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Chapter 12 - Statement of Cash Flows exam questions with 100% correct answers

In which of the following areas does the financing activities section of a cash flow statement detail its activities that produce and use cash? Equity The cash flow statement shows which of the following items in detail? Cash inflows or outflows from investing activities __________ help(s) predict future cash flows. Past cash receipts Which of the following would be a cash outflow shown in the financing section? Payment of dividends Which of the following requires...