Reporting and Analyzing Cash Flows MCQs

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Which of the following activities is an operating activity?






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Which of the following activities would not be reported as an investing activity on a statement of cash flows?






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Which of the following is an investing activity?






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Which of the following events represents an investing activity on a statement of cash flows?






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Which of the following activities IS NOT an investing activity?






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Which of the following activities would NOT be considered a financing activity?






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Which of the following activities would NOT be reported on a schedule of noncash investing and noncash financing activities?






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A company issued common shares for land valued at $450,000. The transaction would be reported on:






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Which of the following transactions would NOT be reported on a statement of cash flows?






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Which of the following IS NOT a step in preparing the statement of cash flows?






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Beginning balance of Accounts Receivable was $45,000, and the ending balance was $48,000. Sales were $430,000. What was the net cash inflow from custo...






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The cost of goods sold was $190,000. Beginning merchandise inventory was $14,000, and ending merchandise inventory was $22,000. During the year, prepa...






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The Prepaid Insurance account had a beginning balance of $14,000 and an ending balance of $24,000. During the accounting period a 3-year policy was pu...






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Which line is incorrect relative to the indirect method of preparing a statement of cash flows?






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Under the indirect method, the net cash provided by operating activities was $92,000. Accounts receivable increased $4,000, merchandise inventory decr...






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The cash provided from operations was $23,000. The net increase in cash was $22,000. If the net cash inflow from financing activities was $15,000, the...






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The beginning balance of the Equipment account was $45,000; the ending balance was $54,000. The beginning balance of the Accumulated Amortization acco...






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When a long-term asset is sold for cash at a price in excess of its book value, the sale should be reported as an inflow of cash from an investing act...






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The following events occurred during the accounting period: Cash of $46,000 was received from the issue of common shares. Cash dividends of $11,000 we...






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Which of the following activities IS NOT a financing activity?






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a. Machinery was purchased for $4,500 cash. b. $10,000 was borrowed on a long-term note. c. 1,000 common shares were issued for cash, at $5 per share....






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Cash dividends of $42,500 were declared. The beginning and ending balance of the cash dividends payable account was $10,000 and $12,500, respectively....






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The following events occurred during the accounting period: Cash of $33,000 was used to purchase a second-hand forklift. Cash of $12,000 was received ...