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Statement of Cash Flows

Authored by Angelica Punzalan

Business

University

Used 76+ times

Statement of Cash Flows
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Acquired an equipment for cash

Investing Activity; Cash Outflow

Operating Activity; Cash Outflow

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Recorded depreciation on the plant assets

Operating Activity; Cash Outflow

Operating Activity; Addition to Profit

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Paid dividends to ordinary shareholders

Financing Activity; Cash Outflow

Investing Activity; Cash Outflow

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Purchased merchandise on account

Non cash transaction; No Effect

Operating Activity; No Effect

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Realized a gain on sale of plant assets

Operating Activity; Addition to profit

Operating Activity; Deduction from profit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Paid salaries of employee

Operating Activity; Cash Outflow

Operating Activity; Cash Inflow

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Issued ordinary shares

Financing Activity; No Effect

Financing Activity; Cash Inflow

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