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PA 13 - Statament of Cash Flows Quiz

Authored by Miranti Dewi

Business

University

Used 3+ times

PA 13 - Statament of Cash Flows Quiz
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of the statement of cash flows?

To verify that income exceeds expenses when there's profit

To highlight cash receipts and cash payments during a specific period

To assist in forming banking relationships

To detail investing and financing transactions within the period

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cash flow statement summarizes:

Revenue and expenses of an entity

Operating, investing, and financing activities

Financial relationships with lenders

A daily record of cash transactions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cash impact of transactions creating revenues and expenses is classified as:

Operating activities

Investing activities

Financing activities

Non-cash transactions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The order of activities in a cash flow statement is:

Operating, investing, and financing

Investing, operating, and financing

Financing, operating, and investing

Financing, investing, and operating

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following activities is considered investing?

Lending money and collecting repayments

Issuing equity to raise funds

Collecting revenue from goods and services

Purchasing inventory for sale

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financing activities include:

Lending money to other entities

Issuing equity or debt

Purchasing long-term assets

Writing off uncollectible receivables

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If accounts payable increase during a period, it means:

Cash-based expenses are lower than accrual-based expenses

Accrual-based expenses equal cash-based expenses

Revenues exceed expenses on a cash basis

Accrual revenues are less than cash revenues

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