+
Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
|
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
|
