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Statement of Cash Flows Quiz

Authored by Kathlene Joyce Saclao

Business

12th Grade

Used 3+ times

Statement of Cash Flows Quiz
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12 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary purpose of the Statement of Cash Flows?

To show the financial position of a company at a specific point in time.

To provide information on the sources and utilization of cash during the period.

To summarize a company's revenues, expenses, and net income over a period.

To detail changes in owner's equity.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cash inflows and outflows in the Statement of Cash Flows are categorized into which three activities?

Sales, Purchases, and General.

Assets, Liabilities, and Equity.

Operating, Investing, and Financing.

Production, Distribution, and Administration.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following activities affect income and expenses?

Investing activities

Financing activities

Operating activities

Non-cash activities

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of these is an example of an Operating Activity?

Cash payments for the acquisition of property, plant, and equipment.

Cash receipts from the sale of goods and rendering of services.

Cash receipts from investments of the owner to the business.

Repayment of loans.

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The acquisition and disposal of Property, Plant, and Equipment (PPE) are classified under which type of activity?

Operating activities

Investing activities

Financing activities

Production activities

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is an example of a Financing Activity?

Cash payments for purchases of inventory.

Cash receipts from sales of property, plant, and equipment.

Cash payments on drawings by owner.

Cash receipts from interest income.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

According to the provided guidelines, what is a crucial criterion for a transaction to be included in the Statement of Cash Flows?

It must be a large transaction.

It must affect income.

It must affect cash.

It must be a non-cash transaction.

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