A statement of cash flows contains the following sections:
a. net cash flow from operating activities
b. cash flows from investing activities
c. cash flows from financing activities
d. investing and financing activities not affecting cash A list of items that appear on the statement is provided below:
Required:
In the space provided, using the letters (a-d), indicate in which section(s)of the statement of cash flows (or accompanying schedule)the preceding items would most likely be classified.After each item affecting cash, indicate with a plus sign (+)or a minus sign (-)whether the item would be reported as an increase (inflow)or a decrease (outflow).

Question

A statement of cash flows contains the following sections:
 a. net cash flow from operating activities
b. cash flows from investing activities
c. cash flows from financing activities
d. investing and financing activities not affecting cash A list of items that appear on the statement is provided below:
  Required:
In the space provided, using the letters (a-d), indicate in which section(s)of the statement of cash flows (or accompanying schedule)the preceding items would most likely be classified.After each item affecting cash, indicate with a plus sign (+)or a minus sign (-)whether the item would be reported as an increase (inflow)or a decrease (outflow).

Quizplus · Accepted Answer

The Answer of A statement of cash flows contains the following sections:
 a. net cash flow from operating activities
b. cash flows from investing activities
c. cash flows from financing activities
d. investing and financing activities not affecting cash A list of items that appear on the statement is provided below:
  Required:
In the space provided, using the letters (a-d), indicate in which section(s)of the statement of cash flows (or accompanying schedule)the preceding items would most likely be classified.After each item affecting cash, indicate with a plus sign (+)or a minus sign (-)whether the item would be reported as an increase (inflow)or a decrease (outflow).

A Statement of Cash Flows Contains the Following Sections