
Statement of Cash Flows
Authored by Angelica Punzalan
Business
University
Used 76+ times

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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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