Intro to Statement of Cash Flows

Intro to Statement of Cash Flows

12th Grade

21 Qs

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Intro to Statement of Cash Flows

Intro to Statement of Cash Flows

Assessment

Quiz

Computers

12th Grade

Easy

Created by

Steven Howard

Used 1+ times

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21 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

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

True

False

3.

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

4.

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash Flow Statement is based upon
 

Cash basis of accounting
Accrual basis of accounting
Credit basis of accounting 
None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchase of goodwill will appear in ____ activity?

Operating
Investing
Both
None

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Payment of rent relates to _____ activity

Operating
Financing
Investing
All

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