Chapter 13 which of the following activities is excluded from

Document Type
Test Prep
Book Title
Financial Accounting 9th Edition
Authors
Donald E. Kieso, Jerry J. Weygandt, Paul D. Kimmel
CHAPTER 13
STATEMENT OF CASH FLOWS
SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY
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True-False Statements
1.
1
K
9.
2
K
17.
2
C
a25.
5
K
sg33.
2
K
2.
1
K
10.
2
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18.
3
C
a26.
5
C
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3
C
3.
1
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11.
2
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19.
3
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5
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a,sg35.
5
K
4.
1
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12.
2
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20.
3
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5
K
a,sg36.
6
K
5.
1
K
13.
2
C
21.
3
C
a29.
6
C
6.
1
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14.
2
C
22.
3
C
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7
K
7.
1
C
15.
2
C
23.
4
K
a31.
7
K
8.
2
K
16.
2
C
24.
4
K
sg32.
2
K
Multiple Choice Questions
37.
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62.
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87.
3
K
112.
3,5
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a137.
5
AP
38.
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63.
2
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3
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113.
3,5
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5
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39.
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2
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3
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40.
1
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3
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41.
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2
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3
K
116.
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5
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42.
1
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67.
2
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92.
3
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3,5
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6
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43.
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2
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93.
3
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3,5
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6
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44.
1
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2
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94.
3
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119.
4
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6
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70.
3
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95.
3
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4
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3
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96.
3
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3
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3
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4
AN
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3
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4
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2
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49.
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3
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99.
3
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sg149.
2
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50.
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3
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51.
2
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3
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3
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3
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52.
2
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3
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102.
3
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53.
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103.
3
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a,sg153.
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54.
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a.sg155.
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2
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160.
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3
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Brief Exercises
161.
2
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163.
3
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165.
3
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167.
3
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a169.
5
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162.
3
AP
164.
3
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166.
3
K
168.
4
AP
a170.
5
AP
sg This question also appears in the Study Guide.
st This question also appears in a self-test at the student companion website.
a This topic is dealt with in an Appendix to the chapter.
Test Bank for Financial Accounting, Ninth Edition
FOR INSTRUCTOR USE ONLY
13 - 2
SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY
Exercises
171.
2
C
177.
3
C
183.
3
AP
a189.
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a195.
5
AP
172.
2
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178.
3,4
AP
184.
3
AN
a190.
5
AP
a196.
5
AP
173.
2
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179.
3
AP
185.
3,4
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a191.
5
AP
174.
2
AP
180.
3
AP
186.
3,4
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a192.
5
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175.
3
AP
181.
3
AP
187.
4
AP
a193.
5
AP
176.
3
AP
182.
3
AP
a188.
6
AP
a194.
5
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Completion Statements
197.
2
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203.
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a206.
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a209.
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198.
2
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201.
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a207.
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AN
199.
3
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202.
3
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a205.
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a208.
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Matching Statements
210.
3
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211.
5
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Short-Answer Essay
212.
2
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214.
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218.
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213.
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sg This question also appears in the Study Guide.
st This question also appears in a self-test at the student companion website.
a This topic is dealt with in an Appendix to the chapter.
SUMMARY OF LEARNING OBJECTIVES BY QUESTION TYPE
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Learning Objective 1
1.
TF
5.
TF
38.
MC
42.
MC
46.
MC
215.
SA
2.
TF
6.
TF
39.
MC
43.
MC
150.
MC
216.
SA
3.
TF
7.
TF
40.
MC
44.
MC
213.
SA
217.
SA
4.
TF
37.
MC
41.
MC
45.
MC
214.
SA
218.
SA
Learning Objective 2
8.
TF
16.
TF
49.
MC
57.
MC
65.
MC
149.
MC
212.
SA
9.
TF
17.
TF
50.
MC
58.
MC
66.
MC
161.
BE
10.
TF
31.
TF
51.
MC
59.
MC
67.
MC
171.
Ex
11.
TF
32.
TF
52.
MC
60.
MC
68.
MC
172.
Ex
12.
TF
33.
TF
53.
MC
61.
MC
69.
MC
173.
Ex
13.
TF
46.
MC
54.
MC
62.
MC
146.
MC
174.
Ex
14.
TF
47.
MC
55.
MC
63.
MC
147.
MC
197.
C
15.
TF
48.
MC
56.
MC
64.
MC
148.
MC
198.
C
Learning Objective 3
18.
TF
22.
TF
72.
MC
76.
MC
80.
MC
84.
MC
88.
MC
19.
TF
34.
TF
73.
MC
77.
MC
81.
MC
85.
MC
89.
MC
20.
TF
70.
MC
74.
MC
78.
MC
82.
MC
86.
MC
90.
MC
21.
TF
71.
MC
75.
MC
79.
MC
83.
MC
87.
MC
91.
MC
Continued on the next page.
Note: TF = True-False BE = Brief Exercise C = Completion
MC = Multiple Choice Ex = Exercise
Statement of Cash Flows
FOR INSTRUCTOR USE ONLY
13 - 3
SUMMARY OF LEARNING OBJECTIVES BY QUESTION TYPE
Learning Objective 3 (Cont.)
92.
MC
100.
MC
108.
MC
116.
MC
165.
BE
180.
Ex
200.
C
93.
MC
101.
MC
109.
MC
117.
MC
166.
BE
181.
Ex
201.
C
94.
MC
102.
MC
110.
MC
118.
MC
167.
BE
182.
Ex
202.
C
95.
MC
103.
MC
111.
MC
151.
MC
175.
Ex
183.
Ex
203.
C
96.
MC
104.
MC
112.
MC
152.
MC
176.
Ex
184.
Ex
210.
SA
97.
MC
105.
MC
113.
MC
162.
BE
177.
Ex
185.
Ex
98.
MC
106.
MC
114.
MC
163.
BE
178.
Ex
186.
Ex
99.
MC
107.
MC
115.
MC
164.
BE
179.
Ex
199.
C
Learning Objective 4
23.
TF
119.
MC
121.
MC
123.
MC
178.
Ex
186.
Ex
204.
C
24.
TF
120.
MC
122.
MC
168.
BE
185.
Ex
187.
Ex
Learning Objective a5
a25.
TF
a113.
MC
a126.
MC
a134.
MC
a152.
MC
a192.
Ex
a208.
C
a26.
TF
a114.
MC
a127.
MC
a135.
MC
a153.
MC
a193.
Ex
a209.
C
a27.
TF
a115.
MC
a128.
MC
a136.
MC
a154.
MC
a194.
Ex
a28.
TF
a116.
MC
a129.
MC
a137.
MC
a169.
BE
a195.
Ex
a35.
TF
a117.
MC
a130.
MC
a138.
MC
a170.
BE
a196.
Ex
a110.
MC
a118.
MC
a131.
MC
a139.
MC
a189.
Ex
a205.
C
a111.
MC
a124.
MC
a132.
MC
a140.
MC
a190.
Ex
a206.
C
a112.
MC
a125.
MC
a133.
MC
a141.
MC
a191.
Ex
a207.
C
Learning Objective a6
a29.
TF
a142.
MC
a143.
MC
a144.
MC
a145.
MC
a155.
MC
a188.
Ex
a36.
TF
Learning Objective a7
a30.
F
a31.
T
Learning Objective a8
a156.
MC
a157.
MC
a158.
MC
a159.
MC
a160.
MC
Note: TF = True-False BE = Brief Exercise C = Completion
MC = Multiple Choice Ex = Exercise
CHAPTER LEARNING OBJECTIVES
1. Indicate the usefulness of the statement of cash flows. The statement of cash flows
provides information about the cash receipts, cash payments, and net change in cash
resulting from the operating, investing, and financing activities of a company during the
period.
2. Distinguish among operating, investing, and financing activities. Operating activities
include the cash effects of transactions that enter into the determination of net income.
Investing activities involve cash flows resulting from changes in investments and long-term
asset items. Financing activities involve cash flows resulting from changes in long-term
liability and stockholders' equity items.
3. Prepare a statement of cash flows using the indirect method. The preparation of a
statement of cash flows involves three major steps: (1) Determine net cash provided/used by
operating activities by converting net income from an accrual basis to a cash basis. (2)
Test Bank for Financial Accounting, Ninth Edition
13 - 4
Analyze changes in noncurrent asset and liability accounts and record as investing and
financing activities, or disclose as noncash transactions. (3) Compare the net change in cash
on the statement of cash flows with the change in the Cash account reported on the balance
sheet to make sure the amounts agree.
4. Analyze the statement of cash flows. Free cash flow indicates the amount of cash a
company generated during the current year that is available for the payment of additional
dividends or for expansion.
a5. Prepare a statement of cash flows using the direct method. The preparation of the
statement of cash flows involves three major steps. (1) Determine net cash provided/used by
operating activities by converting net income from an accrual basis to a cash basis. (2)
Analyze changes in noncurrent asset and liability accounts and record as investing and
financing activities, or disclose as noncash transactions. (3) Compare the net change in cash
on the statement of cash flows with the change in the Cash account reported on the balance
sheet to make sure the amounts agree. The direct method reports cash receipts less cash
payments to arrive at net cash provided by operating activities.
a6. Explain how to use a worksheet to prepare the statement of cash flows using the
indirect method. When there are numerous adjustments, a worksheet can be a helpful tool
in preparing the statement of cash flows. Key guidelines for using a worksheet are as follows
(1) List accounts with debit balances separately from those with credit balances. (2) In the
reconciling columns in the bottom portion of the worksheet, show cash inflows as debits