Exam 12: Reporting and Interpreting the Statement of Cash Flows

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Ashley Co.uses the direct method in calculating its cash flow from operations.Which of the following items will not have an effect on cash flow from operating activities?

(Multiple Choice)

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Question 201

Negative operating cash flow may indicate all of the following except:

(Multiple Choice)

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Question 202

A company reported that its bonds with a face value of $50,000 and a carrying value of $53,000 are retired for $56,000 cash.The amount to be reported under cash flows from financing activities is:

(Multiple Choice)

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Question 203

Indicate whether each of the following would be added to or subtracted from net income when using the indirect method to reconcile net income to cash flows from operating activities.

(Essay)

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Question 204

Assume that the indirect method is used to determine net cash provided by (used in)operating activities and that Prepaid Insurance decreased during the year.That decrease is added to net income because:

(Multiple Choice)

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Question 205

When the direct method is used to determine the cash flows from operating activities,other operating expenses are converted into cash outflows by:

(Multiple Choice)

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Question 206

Which of the following journal entries has an effect on cash provided by (used in)operating activities?

(Multiple Choice)

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Question 207

Cash flows from financing activities:

(Multiple Choice)

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Question 208

Showing 201 - 208 of 208

Ashley Co.uses the direct method in calculating its cash flow from operations.Which of the following items will not have an effect on cash flow from operating activities?

Negative operating cash flow may indicate all of the following except:

A company reported that its bonds with a face value of $50,000 and a carrying value of $53,000 are retired for $56,000 cash.The amount to be reported under cash flows from financing activities is:

Indicate whether each of the following would be added to or subtracted from net income when using the indirect method to reconcile net income to cash flows from operating activities.

Assume that the indirect method is used to determine net cash provided by (used in)operating activities and that Prepaid Insurance decreased during the year.That decrease is added to net income because:

When the direct method is used to determine the cash flows from operating activities,other operating expenses are converted into cash outflows by:

Which of the following journal entries has an effect on cash provided by (used in)operating activities?

Cash flows from financing activities:

Business Decisions and Financial Accounting

Reporting Investing and Financing Results on the Balance Sheet

Reporting Operating Results on the Income Statement

Adjustments,financial Statements,and Financial Results

Fraud, Internal Control, and Cash

Internal Control and Financial Reporting for Cash and Merchandising Operations

Reporting and Interpreting Inventories and Cost of Goods Sold

Reporting and Interpreting Receivables,bad Debt Expense,and Interest Revenue

Reporting and Interpreting Long-Lived Tangible and Intangible Assets

Reporting and Interpreting Liabilities

Reporting and Interpreting Stockholders Equity

Measuring and Evaluating Financial Performance

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