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Exam 9: Preparing and Analyzing the Statement of Cash Flows

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Question 101

Multiple Choice

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purchase of store equipment

A) operating activities
B) investing activities
C) financing activities
D) noncash item

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verified

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Question 102

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Cash from financing activities includes all cash receipts and all cash disbursements for long-term business assets.

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Question 103

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In general,investors and analysts prefer most to see ________.

Use the following information from Artizan,Inc.'s computerized accounting information system to prepare the operating activities section of the statement of cash flows for May using the Direct method.

Which of the following events is a use of cash?

What are the three types of cash flows shown on the statement of cash flows? Give examples of each type.

A use of cash for financing activities is ________.

How are the investing and financing activities sections of the statement of cash flows prepared?

The following information is from Ads,Inc.'s December 31,2011 annual report: Cash paid to vendors on Ads,Inc.'s statement of cash flows equals ________.

To prepare the statement of cash flows using the indirect method ________.

Show the effect of each cash transaction on the statement of cash flows by putting a plus if the transaction results in a cash inflow or minus if a cash outflow in either the operating,investing or financing activity column:

How would managers use the information reported in the statement of cash flows?

How does the statement of cash flows aid analysts in the evaluation of a company's financial situation?

The Financial Accounting Standards Board prefers that companies use the indirect method of reporting cash from operating activities.

It is considered proper and ethical to classify cash paid for interest as a financing activity on the statement of cash flows.

Cash proceeds from the sale of land is a(n) ________ activity on the statement of cash flows.

Which of the following best indicates that a company is expanding/growing?

The following information is from Z,Inc.'s December 31,2011 annual report: Note: Z,Inc.does not sell to its customers on account; it collects cash from its customers in advance. Cash collected from customers on Z,Inc.'s statement of cash flows equals ________.

Match each of the following line items with the type of activity. -purchase of store equipment

For each of the following items,indicate whether it is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.