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WorksheetsA2 Chapter 14: Statement of Cash Flows
Total questions: 10
Worksheet time: 5mins
Refer to Figure 6.01-A What is the net change in cash?
$28,000 increase
$17,000 increase
$17,000 decrease
$28,000 decrease
Refer to Figure 6.01-B Using the information provided, what is the amount of increase or decrease for Supplies?
$5,300 increase
$5,300 decrease
$1,700 increase
$1,700 decrease
Refer to Figure 6.01-C. Based on the information provided, what is the net income for the current year to be entered on the Statement of Cash Flows?
$65,000
$172,000
$197,000
$222,000
Refer to Figure 6.01-B. Using the information provided, what is the amount of increase or decrease for Merchandise Inventory?
$375,000 increase
$375,000 decrease
$125,000 increase
$125,000 decrease
Refer to Figure 6.01-D. What is the cash provided by financing activities?
$24,000
$36,000
$60,000
$96,000
Refer to Figure 6.01-E. Based on the information provided, what is the net change in cash?
$16,000 increase
$16,000 decrease
$14,000 increase
$14,000 decrease
Refer to Figure 6.01-C. Based on the information provided, what is the depreciation expense that would be entered on the Statement of Cash Flows? (This amount would be added to the Net Income amount on the Statement of Cash Flows.)
$7,000
$25,000
$32,000
$53,000
Refer to Figure 6.01-F. What is the amount of cash provided by financing activities?
$51,400
$30,000
$25,000
$8,600
Sweets 4 U Corporation is preparing its end-of-year statements for December 31, 20XX. What is the correct heading for the Statement of Cash Flows?
Sweets 4 U Corporation
Statement of Cash Flows
For the Year Ended December 21, 20XX
Sweets 4 U Corporation
December 20XX
Statement of Cash Flows
Sweets 4 U Corporation
For Year Ended December 31, 20XX
Statement of Cash Flows
Sweets 4 U Corporation
Comparative Cash Flows
December 21, 20XX
