Cash Flow Statement: Operating, Investing and Financing Activities Classification

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Finance - Personal Finance

michael1tekrzp Created by 10 mon ago

Cards in this deck(13)

Transactions that affect net income, such as sales and service revenues, are reported in _____ activities.

Cash transactions involving the purchase and sale of long-term assets, like land, are part of _____ activities.

Activities that include obtaining cash from issuing debt and repurchasing shares are known as _____ activities.

The method where accrual net income is adjusted to a cash basis, used by 99% of companies, is the _____ method.

The steps for the indirect method include adding back depreciation, analyzing net changes in noncash balance sheet, and adjusting for _____.

If the balances of current assets like accounts receivable increase, you _____ that amount on the cash flows.

If the balances of current liabilities like accounts payable increase, you _____ that amount on the cash flows.

In cash flow statements, you _____ gains and add losses to adjust the net income.

For noncurrent assets like PPE, if their accounts increase, you _____ on the cash flows.

For liabilities and stockholder's equity, if their accounts increase, you _____ on cash flows.

When accounting for bonds, you _____ for a discount and subtract for a premium.

The depreciation equation is calculated as: Beginning Balance - Debits + _____.

The retained earnings equation is: Beginning Retained Earnings + Net Income - _____.

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