Chapter 12: Statement of Cash Flows
Chapter 12: Statement of Cash Flows
December 6th, 2016
1. Which of the following would not appear in the investing section of the statement of cash flows?
a. Purchase of inventory
b. Sale of investments
c. Purchase of land
d. All of the above would appear in the investing section of the statement of cash flows.
2. Which of the following items would not appear in the financing section of the statement of cash flows?
a. The issuance of the company’s own stock
b. The repayment of debt
c. The payment of dividends
d. All of the above would appear in the financing section of the statement of cash flows
3. Determine under which category each of the following would appear on the statement of cash flows.
O- Operating
I- Investing
F- Financing
NA- Does not appear on statement of cash flows
_____a. Purchase of investments.
_____b. Proceeds from issuance of stock.
_____c. Purchase of plant, property and equipment.
_____d. Depreciation
_____e. Payment of Accounts Payable.
_____f. Purchase of inventory.
_____g. Repayment of a loan.
_____h. Dividends paid.
_____i. Interest paid.
_____j. Receipts from customers.
4. Indicate whether each of the following items would be added (+) or subtracted (-) in the computation of cash flow from operations using the indirect method.
____a. Depreciation
____b. Inventories decrease.
____c. Accounts payable decrease.
____d. Accounts receivable increase.
____e. Accrued liabilities increase.
5. Compute the cash flow of operations using the indirect method.
Net Income $200,000
Depreciation Expense 40,000
Accounts receivable increase 100,000
Inventory decrease 50,000
Accounts payable decrease 110,000
Accrued liabilities increase 60,000
**Questions over final exam material???**
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