WorksheetsChapter 1
Total questions: 10
Worksheet time: 8mins
Name
Class
Date
1.
The statement of cash flows is optional
a)
True
b)
False
2.
Cash flow from operating activities represents cash movement within a company based on day-to-day activities.
a)
True
b)
False
3.
What does the balance sheet report?
4 lines
4.
Net Income
a)
Increases Cash
b)
Decreases Cash
5.
Increase in accounts payable
a)
Increases Cash
b)
Decreases Cash
6.
Increase in food inventory
a)
Increases Cash
b)
Decreases Cash
7.
Payment of notes payable
a)
Increases Cash
b)
Decreases Cash
8.
Change in accounts payable
a)
Operating Activity
b)
Investing Activity
c)
Financing Activity
9.
Change in long-term assets
a)
Operating Activity
b)
Investing Activity
c)
Financing Activity
10.
Change in current portion of notes payable
a)
Operating Activity
b)
Investing Activity
c)
Financing Activity
100 %
