Question : 11. Cash received from the issuance of capital stock classified in : 1295736

11. Cash received from the issuance of capital stock is classified in which section of the statement of cash flows? A. OperatingB. InvestingC. FinancingD. Noncash

12. Cash received from the borrowing on a note payable is classified in which section of the statement of cash flows? A. OperatingB. InvestingC. FinancingD. Noncash

13. Cash paid to stockholders as a dividend is classified in which section of the statement of cash flows? A. OperatingB. InvestingC. FinancingD. Noncash

14. Which of the following items would not be classified as either cash or a cash equivalent for purposes of the statement of cash flows? A. Money market account funds.B. Treasury bill that matures in three months.C. Treasury bill that matures in one year.D. Checking account funds.

15. Nelson Corporation has the following information available for 2008: 

Cash balance on 1/1/2008 ——————————-

$3,000

Cash balance on 12/31/2008 —————————-

5,000

Net cash provided by operating activities ————-

75,000

Net cash utilized by investing activities —————

80,000

The financing activity section of Nelson’s statement of cash flows would show: A. Net cash provided by financing activities of $5,000.B. Net cash utilized by financing activities of $2,000.C. Net cash utilized by financing activities of $3,000.D. Net cash provided by financing activities of $7,000.

16. BTE Corporation has the following information available for 2008: 

Cash balance on 1/1/2008 ——————————-

$10,000

Cash balance on 12/31/2008 —————————-

4,000

Net cash provided by operating activities ————-

90,000

Net cash utilized by investing activities —————

80,000

The financing activity section of BTE’s statement of cash flows would show: A. Net cash provided by financing activities of $16,000.B. Net cash utilized by financing activities of $16,000.C. Net cash utilized by financing activities of $4,000.D. Net cash provided by financing activities of $4,000.

17. Justine Inc. has the following information available for 2008: 

Cash balance on 1/1/2008 —————————–

$6,000

Cash balance on 12/31/2008 ————————–

10,000

Net cash provided by investing activities ———–

25,000

Net cash provided by financing activities ———–

8,000

The operating activity section of Justine’s statement of cash flows would show: A. Net cash provided by operating activities of $29,000.B. Net cash utilized by operating activities of $29,000.C. Net cash utilized by operating activities of $49,000.D. Net cash provided by operating activities of $49,000.

18. Which type of transaction is required by generally accepted accounting principles to be disclosed in either a separate schedule at the bottom of the statement of cash flows or in a footnote to the financial statements? A. Significant cash transactions that are classified as operating activities.B. Significant cash transactions that are classified as investing activities.C. Significant cash transactions that are classified as financing activities.D. Significant noncash transactions.

19. Generally accepted accounting principles allows which of the following methods to be used when preparing the statement of cash flows? A. The operating, investing, and financing methods.B. The accrual basis and cash basis of accounting methods.C. The direct and indirect methods.D. The cash flows and noncash flows methods.

20. Given the following events, which ones affect cash flows from operating activities? 

1.

payments of taxes

2.

payments to suppliers

3.

collections from customers

4.

collection from the sale of property, plant, and equipment

 A. 2 and 3B. 3 and 4C. 1, 2, and 3D. 1, 2, 3, and 4