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Match the Following Descriptions with the Terms Below

Question 88

Matching

Match the following descriptions with the terms below:

Premises:

Responses:

Noncash Operating Expenses

Includes net income in the operating section of the cash flow statement

Indirect Format

Indicates the cash flow earned for each share of common stock

Cash Flow Per Share

Does not include net income in the operating section of the cash flow statement

Direct Format

Accounts that reduce net income but do not reduce cash flows

Current Operating Liabilities

Accounts representing current obligations

Premises:

Noncash Operating Expenses

Indirect Format

Cash Flow Per Share

Direct Format

Current Operating Liabilities

Responses:

Includes net income in the operating section of the cash flow statement

Indicates the cash flow earned for each share of common stock

Does not include net income in the operating section of the cash flow statement

Accounts that reduce net income but do not reduce cash flows

Accounts representing current obligations

Correct Answer:

Premises:

Responses:

Noncash Operating Expenses

Indirect Format

Cash Flow Per Share

Direct Format

Current Operating Liabilities

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