24. Which of the following statements accurately describes the statement of cash flows? A. It shows...

 

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24. Which of the following statements accurately describes the statement of cash flows? A. It shows the relative proportion of debt and assets. B. It shows the link between accrual based income and the cash reported on the balance sheet. C. It indicates when long-term debt will mature. D) It shows the link between book income and earnings per share. 25. Which of the following describes the operating activities section of the statement of cash flows? A. It includes cash transactions that essentially increase or decrease the long-term assets of a business. B. It includes cash transactions affecting the capitalization of the business. C. It includes cash transactions that primarily affect current assets and current liabilities. D. It shows the beginning and ending balances of cash. 26. The A. investing activities B. financing activities C. operating activities D. non-cash operating activities section of the statement of cash flows includes increase and decrease in long-term assets. 27. The purchase of equipment financed by a long-term notes payable is an example of A. investing activity B. financing activity C. operating activity D. non-cash investing and financing activity 28. The three major categories included on the statement of cash flows are A) investing, operating, and financing activities B) investing, capital, and financing activities C) investing, operating, and contracting activities D) financial, operating, and internal control activities faash flows are 24. Which of the following statements accurately describes the statement of cash flows? A. It shows the relative proportion of debt and assets. B. It shows the link between accrual based income and the cash reported on the balance sheet. C. It indicates when long-term debt will mature. D) It shows the link between book income and earnings per share. 25. Which of the following describes the operating activities section of the statement of cash flows? A. It includes cash transactions that essentially increase or decrease the long-term assets of a business. B. It includes cash transactions affecting the capitalization of the business. C. It includes cash transactions that primarily affect current assets and current liabilities. D. It shows the beginning and ending balances of cash. 26. The A. investing activities B. financing activities C. operating activities D. non-cash operating activities section of the statement of cash flows includes increase and decrease in long-term assets. 27. The purchase of equipment financed by a long-term notes payable is an example of A. investing activity B. financing activity C. operating activity D. non-cash investing and financing activity 28. The three major categories included on the statement of cash flows are A) investing, operating, and financing activities B) investing, capital, and financing activities C) investing, operating, and contracting activities D) financial, operating, and internal control activities faash flows are

Answer rating: 100% (QA)

Reason Cash flow statements takes into account all the Operating Financing and Investing activities ... View the full answer