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Listed Below Are Ten Terms Followed by a List of Phrases

Question 150

Matching

Listed below are ten terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the best term placing the number designating the term in the space provided.

Premises:
Adjusts the items on the income statement to show items such as cash received from customers, and cash paid for inventory, salaries, rent, interest and taxes.
Net cash flows from operating activities divided by average total assets; measures the operating cash flow generated per dollar of assets.
Begins with net income and then list adjustments to net income in order to arrive at operating cash flows.
A summary of cash inflows and cash outflows during the reporting period sorted by operating, investing, and financing activities.
Sales revenue divided by average total assets; measures the sales revenue generated per dollar of assets.
Includes cash transactions involving the purchase and sale of long-term assets and current investments.
Includes cash receipts and cash payments for transactions relating to revenue and expense activities.
Significant investing and financing activities that do not affect cash.
Includes cash transactions resulting from the external financing of a business.
Net cash flows from operating activities divided by sales revenue; measures the operating cash flow generated per dollar of sales.
Responses:
Cash return on assets
Noncash activities
Cash flow to sales
Investing activities
Financing activities
Indirect method
Direct method
Asset turnover
Statement of cash flows
Operating activities

Correct Answer:

Adjusts the items on the income statement to show items such as cash received from customers, and cash paid for inventory, salaries, rent, interest and taxes.
Net cash flows from operating activities divided by average total assets; measures the operating cash flow generated per dollar of assets.
Begins with net income and then list adjustments to net income in order to arrive at operating cash flows.
A summary of cash inflows and cash outflows during the reporting period sorted by operating, investing, and financing activities.
Sales revenue divided by average total assets; measures the sales revenue generated per dollar of assets.
Includes cash transactions involving the purchase and sale of long-term assets and current investments.
Includes cash receipts and cash payments for transactions relating to revenue and expense activities.
Significant investing and financing activities that do not affect cash.
Includes cash transactions resulting from the external financing of a business.
Net cash flows from operating activities divided by sales revenue; measures the operating cash flow generated per dollar of sales.
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