Cash Flow Statements Trivia Questions! Quiz

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1. A financial statement includes all of the following items: operating activities, financial activities, and investing activities. What financial statement is this? 

Explanation

The correct answer is Statement of Cash Flows. This financial statement includes the activities of a company's operating, financial, and investing activities. It provides information about the cash inflows and outflows during a specific period, allowing stakeholders to understand how the company generates and uses its cash. The Statement of Cash Flows helps assess the liquidity and financial health of a company.

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Cash Flow Statements Trivia Questions! Quiz - Quiz

This 'Cash Flow Statements Trivia Questions!' quiz assesses your understanding of cash flow statement components, including operating, investing, and financing activities. It is ideal for learners aiming to enhance their accounting skills and knowledge of financial statement analysis.

2. Debit means

Explanation

In the case of assets, debits are "plus" but in the case of liabilities or shareholder's equity, debits are "minus." The word debit means only one thing: left.

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3. Match the transaction to the appropriate section in the Statement of Cash Flows:

Explanation

Operating activities involve selling to customers or buying from suppliers or other transactions directly applicable to selling goods or services. Investing activities involve PP&E, land, or debt. Financing activities principally involve shareholders' equity.

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4. Debit means

Explanation

In the case of assets, debits are "plus" but in the case of liabilities or shareholder's equity, debits are "minus." The word debit means only one thing: left.

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5. In a statement of cash flows, interest payments to lenders and other creditors should be classified as cash outflows for 

Explanation

Although principal repayment falls under Investing Activities, the interest received or paid falls under Operating Activities.

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6. 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

Explanation

Financing activities include the issuance of stock, the payment of dividends and other distributions to owners, treasury stock transactions, the issuance of debt, and the repayment of debt obligations. The payment of the principal of a mortgage note and the payment of dividends are outflows from financing activities.

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A financial statement includes all of the following items: operating...
Debit means
Match the transaction to the appropriate section in the Statement of...
Debit means
In a statement of cash flows, interest payments to...
In a statement of cash flows, which of the following items is reported...
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