Statement of cash flows

Statement of cash flows

University

6 Qs

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Statement of cash flows

Statement of cash flows

Assessment

Quiz

Business

University

Medium

Created by

Korri Williams

Used 11+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Activities that involve the cash effects of making and collecting loans and acquiring and disposing of property, plant, and equipment are classified as:

noncash activities.

investing activities.

operating activities.

financing activities.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements shows the amount of cash used to pay dividends or purchase treasury stock?

statement of financial position.

income statement.

statement of stockholders’ equity.

choices 1 & 3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The operating section is the first section of the statement of cash flows.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Payment of dividends would come under which activity on the statement of cash flows?

Financing

Operating

Investing

None of these answer choices are correct

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Borrowing money from creditors is considered an investing activity on the statement of cash flows.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Receipt of interest from a Note Receivable would be reported as a cash inflow in which of the following sections:

investing activities

financing activities

operating activities

stock activities