Question: Fill in the blank with the correct answer. PLEASE and THANK YOU! The section of the Cash Flow Statement that includes changes in ST Assets

Fill in the blank with the correct answer. PLEASE and THANK YOU!

  1. The section of the Cash Flow Statement that includes changes in ST Assets and ST Liabilities is called the ____the changes in operating activities _________.

  1. The section of the Cash Flow Statement that includes changes in LT Assets is called the ______________investing activities__________________.

  1. The section of the Cash Flow Statement that includes changes in LT Liabilities and Equity is called the ______changes _____________________________.

  1. Change in assets have the ____________________ effect on cash.

  1. Changes in liabilities and equity have the _________________ effect on cash.

  1. An increase in a ST asset would ____decrease________ the cash balance, and would be recorded in the _______________________ section of the Cash Flow Statement.

  1. An decrease in a LT asset would ______increase________ the cash balance, and would be recorded in the _______________________ section of the Cash Flow Statement.

  1. An decrease in a ST liability would _________________ the cash balance, and would be recorded in the _________________ section of the Cash Flow Statement.

  1. An increase in a LT asset would ____increase_____________ the cash balance, and would be recorded in the _______________________ section of the Cash Flow Statement.

  1. An increase in equity would _________________ the cash balance, and would be recorded in the _______________________ section of the Cash Flow Statement.

I filled some answers in but not sure if correct

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!