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Worksheetscashflow statement
Total questions: 10
Worksheet time: 2mins
Which of the cash flow activities does depreciation expense falls?
operating activity
investing activity
financing activity
Which of the cash flow activities does proceeds from the sale of equipment used in the business falls?
Operating Activity
Investing Activity
Financing Activity
Which of the cash flow activities does cash withdrawals of the owner falls?
Operating Activity
Investing Activity
Financing Activity
Which of the cash flow activities does payment for suppliers falls?
Operating Activity
Investing Activity
Financing Activity
The purchase of a new delivery truck to be used in the business is classified as:
Operating activity
Investing Activity
Financing Activity
A cash flow statement shows an overview of money flowing in and out of a company.
TRUE
FALSE
In an indirect cash flow statement, depreciation is deducted from net income because it is a non-cash expense.
TRUE
FALSE
The financing activities section of a cash flow statement includes payment for the face value of a bank loan.
TRUE
FALSE
In a cash flow statement, the proceeds receives from a sale of non-current assets is added to the net income from operation activities.
TRUE
FALSE
Indirect method of cash flow statement is usually used by the company that implements accrual method.
TRUE
FALSE
