Quiz Ch 11 – Classification of Transactions on Statement of Cash Flows
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Which of the following transactions would be reported as an investing activity on a statement of cash flows?
Which of the following transactions would be reported as an investing activity on a statement of cash flows?
When preparing a statement of cash flows, how are activities that affect long-term assets classified?
Under the indirect method of preparing a statement of cash flows, where are the activities that impact long-term debt and stockholders’ equity classified?
Identify the false statement about the Statement of Cash Flows.
Under the indirect method, how does net cash provided by operating activities compare to net cash provided by operating activities under the direct method?
If the indirect method were used to prepare the statement of cash flows, how would net cash provided by financing activities compare to $558,000 under the direct method?
Which statement is true regarding the calculation of cash collected from interest revenue under the direct method of preparing the statement of cash flows?
Which statement is true regarding the method of computing cash payments to suppliers for inventory under the direct method of preparing the statement of cash flows?
What is included in the computation of payments to suppliers under the direct method of preparing the statement of cash flows?
What is the primary reason why creditors analyze the statement of cash flows?