Quiz Ch 11 – Financial Statements Covering a Time Period
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
What are the financial statements that cover a specific period of time?
What are the financial statements that cover a specific period of time?
On the 2019 statement of cash flows for Gary Kraen Company, how would the purchase of $100,000 of equipment with cash be reported?
On the statement of cash flows, how would Google Inc.’s cash outflows of $10.6 billion for acquiring other companies and $33 billion for purchasing long-term securities be classified?
Which of the following items would be added to net income when preparing the statement of cash flows using the indirect method?
Which of the following items would NOT be included as an adjustment of net income when using the indirect method to prepare the statement of cash flows?
Which of the following items would NOT be added to net income when using the indirect method to compute net cash provided by operating activities?
Which of the following items would NOT be added to net income when converting net income to net cash provided by operating activities on the statement of cash flows using the indirect method?
What term is used to describe highly liquid short-term investments that can be immediately converted into cash?
Which statement is incorrect when using the indirect method to prepare the statement of cash flows?
What is the name of the method used to prepare the statement of cash flows that starts with net income and adjusts it for non-cash items?