Matching
Match each of the appropriate definitions with items.
Premises:
A financial statement that reports the cash inflows and cash outflows for an accounting period, and classifies those cash flows as operating, investing, or financing activities.
Transactions with a company's owners and creditors that include obtaining cash from issuing debt and repaying the amounts borrowed, and obtaining cash from or distributing cash to owners.
Transactions that include making and collecting notes receivable or purchasing and selling plant assets, or investments in other than cash equivalents and trading securities.
Activities that involve the production or purchase of merchandise and the sale of goods or services to customers, including expenditures related to administering the business.
A method of computing and reporting the net cash provided (used)by operating activities that lists the major items of operating cash receipts, and then subtracts the major items of operating cash payments.
A method of computing and reporting that involves adjusting the net income amount by adding and subtracting items that are necessary to yield net cash provided (used)by operating activities.
Responses:
Statement of cash flows
Financing activities
Investing activities
Direct method
Indirect method
Operating activities
Correct Answer:
Premises:
Responses:
A financial statement that reports the cash inflows and cash outflows for an accounting period, and classifies those cash flows as operating, investing, or financing activities.
Transactions with a company's owners and creditors that include obtaining cash from issuing debt and repaying the amounts borrowed, and obtaining cash from or distributing cash to owners.
Transactions that include making and collecting notes receivable or purchasing and selling plant assets, or investments in other than cash equivalents and trading securities.
Activities that involve the production or purchase of merchandise and the sale of goods or services to customers, including expenditures related to administering the business.
A method of computing and reporting the net cash provided (used)by operating activities that lists the major items of operating cash receipts, and then subtracts the major items of operating cash payments.
A method of computing and reporting that involves adjusting the net income amount by adding and subtracting items that are necessary to yield net cash provided (used)by operating activities.
Premises:
A financial statement that reports the cash inflows and cash outflows for an accounting period, and classifies those cash flows as operating, investing, or financing activities.
Transactions with a company's owners and creditors that include obtaining cash from issuing debt and repaying the amounts borrowed, and obtaining cash from or distributing cash to owners.
Transactions that include making and collecting notes receivable or purchasing and selling plant assets, or investments in other than cash equivalents and trading securities.
Activities that involve the production or purchase of merchandise and the sale of goods or services to customers, including expenditures related to administering the business.
A method of computing and reporting the net cash provided (used)by operating activities that lists the major items of operating cash receipts, and then subtracts the major items of operating cash payments.
A method of computing and reporting that involves adjusting the net income amount by adding and subtracting items that are necessary to yield net cash provided (used)by operating activities.
Responses:
Related Questions
Q174: Scranton, Inc. reports net income of $230,000
Q180: A company had average total assets of
Q181: What are the five usual steps involved
Q185: For each of the following items, indicate
Q186: For each of the following items, indicate
Q188: Explain the value of separating cash flows
Q189: Explain how cash flows from investing and
Q192: Explain how the cash flows from operating
Q193: Explain the use of a spreadsheet in
Q200: Define the cash flow on total assets
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents