Concept – Income Statement & Statement of Cash Flows
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Is the income statement and statement of cash flows giving a similar picture of a company, true or false?
Is the income statement and statement of cash flows giving a similar picture of a company, true or false?
Investing activities are the most essential type of business activities in terms of evaluation, true or false?
Match the following items with the description.
Asks you to select which section of statement of cashflows each of ten items would be classified.
Asks you to classify a list of 8 transactions into Operating, Investing, Financing.
Given a list of transactions… determine the type of activity (O,I,F,NC) along with determining if it is a cash inflow or outflow.
Your numbers will vary.
Amortization of capitalized software is:
Changing the estimated useful life or residual salvage value of machinery in the current year is:
When a firm reports a gain on the sale of a depreciable asset…
Replacement of a component increased the productive capacity from 12 units per hour to 18 units per hour. The expenditure should thus be debited to: