Statement of cash flo - Study guides, Class notes & Summaries

Chapter 3—Income Flows versus Cash Flows: Understanding the Statement of Cash Flows MULTIPLE CHOICE 1. One rationale for the statement of cash flows is to a. ensure that the cash account balances at year-end. b. reconcile differences between net income and cash receipts and disbursements. c. calculate the company’s free cash flow. d. examine the cash effects of income from discontinued operations, extraordinary items and changes in accounting principles. 2. Which of the follo...

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

CHAPTER 14 STATEMENT OF CASH FLOWS QUESTIONS WITH CORRECT ANSWERS Statement Of Cash Flows CORRECT ANSWER -Assess a company's ability to manage cash flows -Determine if short-term financing is needed to pay current liabilities -make decisions about dividend -plan for investing and financing needs Operating Activities CORRECT ANSWER Cash Transactions involving normal day-to-day activities Net Income CORRECT ANSWER +Operating Depreciation Expense CORRECT ANSWER +Operating Amortizat...

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...

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

ACG Exam -3 Statement of Cash Flows questions and answers