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Chapter 13 - Statement of Cash Flows
Copyright Cengage Learning. Powered by Cognero.
Page 21
b.
the cash flows from investing activities section
c.
a separate schedule
d.
the cash flows from operating activities section
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-01 - LO: 13-01
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
55. Cash paid to purchase long-term investments would be reported in the statement of cash flows in
a.
the cash flows from operating activities section
b.
the cash flows from financing activities section
c.
the cash flows from investing activities section
d.
a separate schedule
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-01 - LO: 13-01
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
56. Which of the following would not be found in a schedule of noncash investing and financing activities, reported at the
end of a statement of cash flows?
a.
equipment acquired in exchange for a note payable
b.
bonds payable exchanged for common stock
c.
purchase of treasury stock
d.
common stock issued to acquire fixed assets
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
Chapter 13 - Statement of Cash Flows
Copyright Cengage Learning. Powered by Cognero.
Page 23
under
a.
investing activities
b.
financing activities
c.
noncash investing and financing activities
d.
operating activities
ANSWER:
b
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-01 - LO: 13-01
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
60. Cash paid for preferred stock dividends should be shown on the statement of cash flows under
a.
investing activities
b.
financing activities
c.
noncash investing and financing activities
d.
operating activities
ANSWER:
b
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-01 - LO: 13-01
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
61. The last item on the statement of cash flows prior to the schedule of noncash investing and financing activities reports
a.
the change in cash
b.
cash at the end of the period
c.
net cash flow from investing activities
d.
net cash flow from financing activities
ANSWER:
b
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
Chapter 13 - Statement of Cash Flows
Copyright Cengage Learning. Powered by Cognero.
Page 25
under
a.
investing activities
b.
financing activities
c.
noncash investing and financing activities
d.
operating activities
ANSWER:
a
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-01 - LO: 13-01
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
65. Cash flow per share is
a.
required to be reported on the balance sheet
b.
required to be reported on the income statement
c.
required to be reported on the statement of cash flows
d.
not required to be reported on any statement
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-01 - LO: 13-01
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
ACCT.AICPA.FN.04 - Reporting
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
66. On the statement of cash flows prepared by the indirect method, the cash flows from operating activities section would
include
a.
receipts from the sale of investments
b.
amortization of premium on bonds payable
c.
payments for cash dividends
d.
receipts from the issuance of common stock
ANSWER:
b
POINTS:
1
Chapter 13 - Statement of Cash Flows
Copyright Cengage Learning. Powered by Cognero.
Page 30
a.
payment of accrued interest expense
b.
payment of accrued income taxes
c.
payment of dividends
d.
payment of accrued selling expenses
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
Bloom's: Remembering
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-02 - LO: 13-02
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
77. Which of the following should be added to net income in calculating net cash flow from operating activities using the
indirect method?
a.
a gain on the sale of land
b.
a decrease in accounts payable
c.
an increase in accrued expenses
d.
dividends paid on common stock
ANSWER:
c
POINTS:
1
DIFFICULTY:
Bloom's: Remembering
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
FNMN.WAJO.19.13-02 - LO: 13-02
FNMN.WAJO.19.13-03 - LO: 13-03
FNMN.WAJO.19.13-04 - LO: 13-04
ACCREDITING STANDARDS:
ACCT.ACBSP.APC.24 - Statement of Cash Flows
ACCT.AICPA.FN.03 - Measurement
BUSPROG: Analytic
DATE CREATED:
7/22/2017 6:33 PM
DATE MODIFIED:
10/16/2017 6:30 PM
78. On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be
a.
deducted from net income in converting the net income reported on the income statement to cash flows from
operating activities
b.
added to net income in converting the net income reported on the income statement to cash flows from
operating activities
c.
added to dividends declared in converting the dividends declared to the cash flows from financing activities
related to dividends
d.
deducted from dividends declared in converting the dividends declared to the cash flows from financing
