The three categories of cash flow activities includes, Select one: a. operating, investing and transfer activity b.
Question:
The three categories of cash flow activities includes,
Select one:
a. operating, investing and transfer activity
b. operating, financing and transfer activity
c. financing, investing and transfer activity
d. operating, investing and financing activity
The primary purpose of the statement of cash flows is to provide information
Select one:
a. About the operating, investing, and financing activities of an entity during the period
b. That is useful in assessing cash flow prospects
c. About the cash receipts and cash payments during a period
d. About ability to meet obligations ability to pay dividends and need for external financing
How should a gain from sale of equipment for cash reported in a statement of cash flows using the indirect method?
Select one:
a. In investing activities as a reduction of the cash inflow from the sale
b. In investing activities as a cash outflow
c. In operating activities as a deduction from income
d. In operating activities as an addition to income
What is free cash flow?
Select one:
a. The amount of cash remaining after covering operating activities and financing activities.
b. The amount of cash remaining after covering operating activities and capital expenditures.
c. The amount of cash used for operating activities.
d. The amount of cash used for capital expenditures.
Creditors and investors use financial statement analysis to:
Select one:
a. help determine the cause of a company's financial problems.
b. predict the amount of expected returns, as well as the risks associated with those returns.
c. help determine how to solve a company's financial problems.
d. All of the available choices.
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.