Question 1

Bagrov Corporation had a net decrease in cash of $10,000 for the current year.Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000.What amount of cash was provided (used) in operating activities?

Accepted Answer

A)  $100,000 provided.
B)  $(100,000) used.
C)  $80,000 provided.
D)  $(80,000) used.
E)  $(10,000) used.

Question 2

The first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method is:

Accepted Answer

A)  Cash.
B)  Cash received from customers.
C)  Increase (decrease) in accounts receivable.
D)  Net income (loss) .
E)  Adjustments to net income.

Question 3

When preparing the operating activities section of the statement of cash flows using the indirect method,depreciation is subtracted from net income.

Accepted Answer

A) True 
 B)False

Question 4

In preparing a company's statement of cash flows using the indirect method,the following information is available:  
-Net cash provided by operating activities was:

Accepted Answer

A)  $120,000.
B)  $71,000.
C)  $70,000.
D)  $24,000.
E)  $110,000.

Question 5

________ activities generally include those transactions and events that affect long-term assets.

Accepted Answer

The answer of ________ activities generally include those transactions and...

Question 6

A spreadsheet can help organize the information needed to prepare a statement of cash flows.

Accepted Answer

A) True 
 B)False

Question 7

The cash flow on total assets ratio is affected by income recognition and measurement.

Accepted Answer

A) True 
 B)False

Exam 12: Reporting Cash Flows

A spreadsheet can help organize the information needed to prepare a statement of cash flows.

Correct Answer
verified

In preparing a company's statement of cash flows using the indirect method,the following information is available: -Net cash provided by operating activities was:

Correct Answer
verified

________ activities generally include those transactions and events that affect long-term assets.

Correct Answer
verified

Bagrov Corporation had a net decrease in cash of $10,000 for the current year.Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000.What amount of cash was provided (used) in operating activities?

Correct Answer
verified

The cash flow on total assets ratio is affected by income recognition and measurement.

Correct Answer
verified

The first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method is:

Correct Answer
verified

When preparing the operating activities section of the statement of cash flows using the indirect method,depreciation is subtracted from net income.

Correct Answer
verified

Exam 12: Reporting Cash Flows

A spreadsheet can help organize the information needed to prepare a statement of cash flows.

Correct AnswerverifiedShow Answer

In preparing a company's statement of cash flows using the indirect method,the following information is available: -Net cash provided by operating activities was:

Correct AnswerverifiedShow Answer

________ activities generally include those transactions and events that affect long-term assets.

Correct AnswerverifiedShow Answer

Bagrov Corporation had a net decrease in cash of $10,000 for the current year.Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000.What amount of cash was provided (used) in operating activities?

Correct AnswerverifiedShow Answer

The cash flow on total assets ratio is affected by income recognition and measurement.

Correct AnswerverifiedShow Answer

The first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method is:

Correct AnswerverifiedShow Answer

When preparing the operating activities section of the statement of cash flows using the indirect method,depreciation is subtracted from net income.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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