Question 1

What are the three types of cash flows shown on the statement of cash flows? Give examples of each type.

Accepted Answer

The answer of What are the three types of cash...

Question 2

Use the following information from Artizan,Inc.'s computerized accounting information system to prepare the investing activities section of the statement of cash flows for May.

Accepted Answer

The answer of Use the following information from Artizan,Inc.'s computerized...

Question 3

Team Shirts,Inc.purchased 100 shares of Team Shirts' stock for $17 per share.Cash dividends paid to shareholders were $1,250.How is the accounting information for these transactions reported on the statement of cash flows?

Accepted Answer

The answer of Team Shirts,Inc.purchased 100 shares of Team Shirts'...

Question 4

Team Shirts,Inc.paid $300 worth of cash dividends to shareholders.How is this amount reported on the statement of cash flows?

Accepted Answer

The answer of Team Shirts,Inc.paid $300 worth of cash dividends...

Question 5

A building cost $550,000 and had accumulated depreciation of $450,000 when it was sold for cash at a loss of $30,000.Proceeds from the sale of the building are:
1.$________ and are 2.a(n)________ activity.

Accepted Answer

The answer of A building cost $550,000 and had accumulated...

Question 6

Team Shirts,Inc.paid $1,000 of interest.How is this amount reported on the statement of cash flows?

Accepted Answer

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Question 7

For each of the following items,indicate whether it is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

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Question 8

Indicate whether each of the following items is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

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Question 9

Show the effect of each cash transaction on the statement of cash flows by putting a plus if the transaction results in a cash inflow or minus if a cash outflow in either the operating,investing or financing activity column:

Accepted Answer

The answer of Show the effect of each cash transaction...

Question 10

Cash paid for interest is an operating activity.

Accepted Answer

Cash paid for interest is a recurring expense that relates to the operations of a business, and as such, it is considered an operating activity in the statement of cash flows.

Question 11

Explain the differences between operating,investing,and financing activities.

Accepted Answer

The answer of Explain the differences between operating,investing,and financing activities....

Question 12

Team Shirts,Inc.purchased a stamping machine for $21,000 from a German company.Depreciation for the machine was $4,200 for the year.How is the accounting information for the stamping machine reported on the statement of cash flows prepared using the indirect method?

Accepted Answer

The answer of Team Shirts,Inc.purchased a stamping machine for $21,000...

Question 13

A long-term asset purchased by issuing a note is disclosed in a note on the statement of cash flows.

Accepted Answer

When a long-term asset is purchased by issuing a note, it is considered a non-cash transaction and is disclosed in a separate note to the statement of cash flows.

Question 14

Indicate whether each of the following items is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

Accepted Answer

The answer of Indicate whether each of the following items...

Question 15

Use the following information from Artizan,Inc.'s computerized accounting information system to prepare the statement of cash flows for May using the direct method.

Accepted Answer

The answer of Use the following information from Artizan,Inc.'s computerized...

Question 16

A truck cost $55,000 and had accumulated depreciation of $45,000 when it was sold for cash at a gain of $5,000.Proceeds from the sale of the truck are 1.$________ and are 2.a(n)________ activity.

Accepted Answer

The answer of A truck cost $55,000 and had accumulated...

Question 17

Cash paid for interest is a financing activity.

Accepted Answer

Cash paid for interest is typically classified as an operating activity in the cash flow statement, as it relates to the costs of financing the company's operations rather than the financing of the company's capital structure.

Question 18

Positive cash flow from investing activities on the statement of cash flows means that a company has ________.

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The answer of Positive cash flow from investing activities on...

Question 19

Negative cash flow from investing activities on the statement of cash flows most likely indicates a company is ________.

Accepted Answer

The answer of Negative cash flow from investing activities on...

Question 20

Use the following information from Artizan,Inc.to prepare the investing activities section of the statement of cash flows for May.

Accepted Answer

The answer of Use the following information from Artizan,Inc.to prepare...

Quiz 9: Preparing and Analyzing the Statement of Cash Flows

What are the three types of cash flows shown on the statement of cash flows? Give examples of each type.

Use the following information from Artizan,Inc.'s computerized accounting information system to prepare the investing activities section of the statement of cash flows for May.

Team Shirts,Inc.purchased 100 shares of Team Shirts' stock for $17 per share.Cash dividends paid to shareholders were $1,250.How is the accounting information for these transactions reported on the statement of cash flows?

Team Shirts,Inc.paid $300 worth of cash dividends to shareholders.How is this amount reported on the statement of cash flows?

A building cost $550,000 and had accumulated depreciation of $450,000 when it was sold for cash at a loss of $30,000.Proceeds from the sale of the building are: 1.$ and are 2.a(n) activity.

Team Shirts,Inc.paid $1,000 of interest.How is this amount reported on the statement of cash flows?

For each of the following items,indicate whether it is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

Indicate whether each of the following items is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

Show the effect of each cash transaction on the statement of cash flows by putting a plus if the transaction results in a cash inflow or minus if a cash outflow in either the operating,investing or financing activity column:

Cash paid for interest is an operating activity.

Explain the differences between operating,investing,and financing activities.

Team Shirts,Inc.purchased a stamping machine for $21,000 from a German company.Depreciation for the machine was $4,200 for the year.How is the accounting information for the stamping machine reported on the statement of cash flows prepared using the indirect method?

A long-term asset purchased by issuing a note is disclosed in a note on the statement of cash flows.

Indicate whether each of the following items is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

Use the following information from Artizan,Inc.'s computerized accounting information system to prepare the statement of cash flows for May using the direct method.

A truck cost $55,000 and had accumulated depreciation of $45,000 when it was sold for cash at a gain of $5,000.Proceeds from the sale of the truck are 1.$ and are 2.a(n) activity.

Cash paid for interest is a financing activity.

Positive cash flow from investing activities on the statement of cash flows means that a company has ________.

Negative cash flow from investing activities on the statement of cash flows most likely indicates a company is ________.

Use the following information from Artizan,Inc.to prepare the investing activities section of the statement of cash flows for May.

Quiz 9: Preparing and Analyzing the Statement of Cash Flows

What are the three types of cash flows shown on the statement of cash flows? Give examples of each type.

Use the following information from Artizan,Inc.'s computerized accounting information system to prepare the investing activities section of the statement of cash flows for May.

Team Shirts,Inc.purchased 100 shares of Team Shirts' stock for $17 per share.Cash dividends paid to shareholders were $1,250.How is the accounting information for these transactions reported on the statement of cash flows?

Team Shirts,Inc.paid $300 worth of cash dividends to shareholders.How is this amount reported on the statement of cash flows?

A building cost $550,000 and had accumulated depreciation of $450,000 when it was sold for cash at a loss of $30,000.Proceeds from the sale of the building are: 1.$________ and are 2.a(n)________ activity.

Team Shirts,Inc.paid $1,000 of interest.How is this amount reported on the statement of cash flows?

For each of the following items,indicate whether it is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

Indicate whether each of the following items is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

Show the effect of each cash transaction on the statement of cash flows by putting a plus if the transaction results in a cash inflow or minus if a cash outflow in either the operating,investing or financing activity column:

Cash paid for interest is an operating activity.

Explain the differences between operating,investing,and financing activities.

Team Shirts,Inc.purchased a stamping machine for $21,000 from a German company.Depreciation for the machine was $4,200 for the year.How is the accounting information for the stamping machine reported on the statement of cash flows prepared using the indirect method?

A long-term asset purchased by issuing a note is disclosed in a note on the statement of cash flows.

Indicate whether each of the following items is either a cash inflow or outflow and in which section of the statement of cash flows it would be reported.

Use the following information from Artizan,Inc.'s computerized accounting information system to prepare the statement of cash flows for May using the direct method.

A truck cost $55,000 and had accumulated depreciation of $45,000 when it was sold for cash at a gain of $5,000.Proceeds from the sale of the truck are 1.$________ and are 2.a(n)________ activity.

Cash paid for interest is a financing activity.

Positive cash flow from investing activities on the statement of cash flows means that a company has ________.

Negative cash flow from investing activities on the statement of cash flows most likely indicates a company is ________.

Use the following information from Artizan,Inc.to prepare the investing activities section of the statement of cash flows for May.

A building cost $550,000 and had accumulated depreciation of $450,000 when it was sold for cash at a loss of $30,000.Proceeds from the sale of the building are: 1.$ and are 2.a(n) activity.

A truck cost $55,000 and had accumulated depreciation of $45,000 when it was sold for cash at a gain of $5,000.Proceeds from the sale of the truck are 1.$ and are 2.a(n) activity.