61. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest on debt as a(n) _____ activity and classifies cash expenditures for dividends to shareholders as a(n) _____ activity.
A. operating; operating
B. operating: investing
C. operating; financing
D. financing; operating
E. financing; financing
62. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense as a(n) _____ activity and classifies cash expenditures to redeem debt as a(n) _____ activity.
A. financing; financing
B. financing: operating
C. operating; investing
D. operating; operating
E. operating; financing
63. Under U.S. GAAP, the statement of cash flows classifies changes in accounts payable as a(n) _____ activity and classifies changes in short-term bank borrowing as a(n) _____ activity.
A. operating: financing
B. financing; operating
C. investing; operating
D. operating; operating
E. financing; financing
64. U.S. GAAP requires that the statement of cash flows explain the changes in the firm’s
A. cash and cash equivalents during the accounting period
B. resources and obligations during the accounting period
C. components of income from operations during the accounting period
D. accounts receivable and accounts payable during the accounting period
E. all of the above
65. The statement of cash flows provides information about
A. the cumulative effects of operations over several years
B. the balances in shareholders’ equity accounts
C. the relationship between operations and liquidity of a firm
D. the success of management’s cash management strategy
E. all of the above
66. Which of the following statements is true concerning the statement of cash flows?
A. Cash receipts and disbursements equal revenues and expenses.
B. Cash for short-term obligations must come from operations.
C. The net change in cash will equal the net change in all noncash accounts.
D. All of the above are true statements concerning the statement of cash flows.
E. None of the above are true statements concerning the statement of cash flows.
67. Which method of preparing the statement of cash flows is required by U.S. GAAP?
A. direct
B. indirect
C. funds flow
D. either direct or indirect may be used if appropriate note disclosure is included
E. either direct or funds flow may be used if appropriate note disclosure is included
68. The statement of cash flows reports the amount of cash flow from a firm’s
A. divestiture, and acquisition activities
B. operating, divestiture, and acquisition activities
C. funding and disbursement activities
D. operating, investing, and financing activities
E. operating, funding and disbursement activities
69. Cash flows from operating activities include
A. selling goods and providing services
B. acquiring buildings and equipment
C. payment of dividends
D. retiring long-term debt
E. issuing stocks and bonds
70. U.S. GAAP requires that the statement of cash flows disclose the amount of cash flows arising frominvesting activities including
A. interest received on investments in bonds
B. interest paid on the company’s bonds
C. cash used for the acquisition of non-current assets
D. cash dividends paid on the company’s stock
E. cash dividends received on investments in other company’s stock
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more