Pre-test: Cash Flow Statements
7 Questions
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Questions and Answers
- 1.Debit means
- A.
Plus
- B.
Minus
- C.
Left
- D.
Right
- E.
Increase
- F.
Decrease
- 2.Debit means
- A.
Plus
- B.
Minus
- C.
Left
- D.
Right
- E.
Increase
- F.
Decrease
- 3.A financial statement includes all of the following items: operating activities, financial activities andinvesting activities. What financial statement is this?
- A.
Balance Sheet
- B.
Statement of Cash Flows
- C.
Income Statement
- D.
Statement of Retained Earnings
- 4.In a statement of cash flows, interest payments tolenders and other creditors should be classified ascash outflows for
- A.
Operating Activities
- B.
Borrowing Activities
- C.
Lending Activities
- D.
Financing Activities
- E.
Investing Activities
- 5.In a statement of cash flows, which of the following items is reported as a cash outflow from financing activities: I. Payments to retire mortgage notes; II . Interest payments on mortgage notes; III. Dividend payments
- A.
I, II and III
- B.
II and III
- C.
I only
- D.
I and III
- 6.What is the right answer?
- A.
Not this one
- B.
Or this one
- C.
Not this one either
- D.
This one
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