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Exam 12: Reporting and Analyzing Cash Flows

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Question 101

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The statement of cash flows reports:

A) Assets,liabilities,and equity.
B) Revenues,gains,expenses,and losses.
C) Cash inflows and cash outflows for an accounting period.
D) Equity,net income,and dividends.
E) Changes in equity.

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Question 102

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Based on the following income statement and balance sheet for Bankowski Corporation,determine the cash flows from operating activities using the indirect method.

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Question 103

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All cash transactions eventually affect noncash ________ accounts.

Use the following information about the current year's operations of a company to calculate cash provided (used) by operations.

Use the information provided to calculate the missing cash received for interest for the period.

A main purpose of the statement of cash flows is to report all the major cash ________ and cash ________ .________.

A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are added to net income.

What are the five usual steps involved in the preparation of the statement of cash flows?

A company had average total assets of $3,216,000,total cash flows of $1,320,000,cash flows from operations of $554,000,and cash flows for plant assets of $850,000.The cash flow on total assets ratio equals:

Investing activities include receiving cash dividends from investments in other companies' stocks.

Equipment costing $100,000 with accumulated depreciation of $40,000 is sold at a loss of $10,000.This implies that $40,000 cash was received from the sale.

If a company borrows money from a bank,the interest paid on this loan should be reported on the statement of cash flows as a(n) :

In preparing a company's statement of cash flows for the most recent year using the indirect method,the following information is available: Net cash provided by operating activities was:

A company reported net income of $318,000,operating cash flows of $218,000,total cash flows of $184,000,and average total assets of $898,000.Calculate its cash flow on total assets ratio.

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:

When preparing the operating activities section of the statement of cash flows using the indirect method,decreases in current operating assets are subtracted from net income.

The cash flow on total assets ratio is computed by dividing ________ by ________.

Bagrov Corporation had a net decrease in cash of $10,000 for the current year.Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000.What amount of cash was provided (used) in operating activities?

When preparing the operating activities section of the statement of cash flows using the direct method,non-operating gains are added to net income.