Question 1 (1 point)

The cash flow statement is prepared to provide information on all of the following except:

Question 1 options:

The acquisition and sale of long-term assets

Cash receipts and payments

Changes in long-term liabilities due to borrowing and repaying loan principal

The reasons an organization's net assets increased or decreased

Question 2 (1 point)

The cash flow statement finds the net change in cash by adding together the net cash from operating, investing and financing activities.

Question 2 options:

True

False

Question 3 (1 point)

A cash flow statement prepared using the indirect method reconciles the change in net assets with the net cash used for operating activities.

Question 3 options:

True

False

Question 4 (1 point)

On a cash flow statement, the purchase of equipment appears under:

Question 4 options:

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Question 5 (1 point)

On a cash flow statement, the repayment of loan principal appears under:

Question 5 options:

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities