Cash Flow Statement QUIZ

The Owner of Evan's Electrical withdraws $10,000 from the business account.

• OPERATIONAL

• INVETSMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

The business ute (for Evan's Electrical) is depreciated by $2,000 for the year. This would appear on the Cash Flow Statement under:

• OPERATIONAL

• INVESTMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

The Accountant for Evan's Electrical pays the electrical bill for the office. This would appear on the Cash Flow Statement under:

• OPERATIONAL

• INVESTMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

The Accountant for Evan's Electrical pays the bill of $30,000 for the new vehicle. This appears on the Cash Flow Statement under:

• OPERATIONAL

• INVESTMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

Evan (from Evan's Electrical) receives cash for completing a job. This appears on the Cash Flow Statement under:

• OPERATIONAL

• INVESTMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

Evan's Electrical receives dividend payments. This appears on the Cash Flow Statement under:

• OPERATIONAL

• INVESTMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

Evan (from Evan's Electrical) pays for some fans for the business by credit card. This appears on the Cash Flow Statement under:

• OPERATIONAL

• INVESTMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

The business borrows $50,000 from the bank to purchase new equipment. This loan appears on the Cash Flow Statement under:

• OPERATIONAL

• INVESTMENT

• FINANCIAL

• DOES NOT APPEAR ON THE CASH FLOW STATEMENT

What is missing from this Statement of Cash Flow?

• The total inflows, and the total outflows for Operating Activities

• Receipts from customers

• The correct heading

• The date of the Statement

Based on this Cash Flow Statement, would you invest in this business?