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