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Side A ------ Side B
Which of the following does not  represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash? ------ discarding an asset that had been fully depreciated
Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows? ------ Issuance of long-term debt
A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under ------ financing activites
Cash paid for preferred stock dividends should be shown on the statement of cash flows under  ------ financing activits
The statement of cash flows may be used by management to ------ assess the liquidiy of the business
Financing activities involve? ------ issuing debt
Which one of the following below would not be classified as an operating activity? ------ payment of dividends
On the statement of cash flows, the cash flows from financing activities section would include  ------ receipts from the issuance of capital stock
Which of the floowing should be deducted from net income in calculating net cash flow from operating activities using the indirect method? ------ a decrease in accounts payable
In calculating cash flows form opearting activities using the indirect method, a gain on the sale of equipment is  ------  deducted from net income
The statement of cash flows is not one of the basic financial statements. ------ FALSE
Cash flows from investing activities, as part of the statement of cash flows, include receipts from the issuance of bonds payable ------ FALSE
What is the primary criterion for the preparation of managerial accounting reports? ------ Meet the manager needs
Which of the following statements is false? ------ There is no overlap between financial and managerial accounting.
In most business organization, the chief management accountant is called the: ------ Controller
The controller's staff often consists of several management accountants.All of the following would most likely be ont eh controller's staff EXCEPT: ------ investmetns and shareholder relations managers
What term is used to describe the process of directing operations to achieve the organization's goals and plans? ------ Control
Which of the following is the principle reason for preparing managerial accounting reports? ------ Usefulness to management

Side A ------ Side B
Which of the following does not  represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash? ------ discarding an asset that had been fully depreciated
Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows? ------ Issuance of long-term debt
A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under ------ financing activites
Cash paid for preferred stock dividends should be shown on the statement of cash flows under  ------ financing activits
The statement of cash flows may be used by management to ------ assess the liquidiy of the business
Financing activities involve? ------ issuing debt
Which one of the following below would not be classified as an operating activity? ------ payment of dividends
On the statement of cash flows, the cash flows from financing activities section would include  ------ receipts from the issuance of capital stock
Which of the floowing should be deducted from net income in calculating net cash flow from operating activities using the indirect method? ------ a decrease in accounts payable
In calculating cash flows form opearting activities using the indirect method, a gain on the sale of equipment is  ------  deducted from net income
The statement of cash flows is not one of the basic financial statements. ------ FALSE
Cash flows from investing activities, as part of the statement of cash flows, include receipts from the issuance of bonds payable ------ FALSE
What is the primary criterion for the preparation of managerial accounting reports? ------ Meet the manager needs
Which of the following statements is false? ------ There is no overlap between financial and managerial accounting.
In most business organization, the chief management accountant is called the: ------ Controller
The controller's staff often consists of several management accountants.All of the following would most likely be ont eh controller's staff EXCEPT: ------ investmetns and shareholder relations managers
What term is used to describe the process of directing operations to achieve the organization's goals and plans? ------ Control
Which of the following is the principle reason for preparing managerial accounting reports? ------ Usefulness to management