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.
What is the primary reason why creditors analyze the statement of cash flows?
When using the indirect method to prepare the statement of cash flows, what is the initial starting point to calculate net cash provided by operating activities?
Which item is NOT included in the cash payments from operating activities in the statement of cash flows prepared using the direct method?
What is the name of the financial statement that reports cash receipts and cash payments classified by a company’s operating, investing, and financing activities?