Question :
11. Cash received from the issuance of capital stock classified in : 1291648
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 three years.D. Checking account funds.
15. Nelson Corporation has the following information available for 2011:
Cash balance on 1/1/2011
$6,000
Cash balance on 12/31/2011
10,000
Net cash provided by operating activities
150,000
Net cash utilized by investing activities
160,000
The financing activity section of Nelson’s statement of cash flows would show: A. net cash provided by financing activities of $10,000.B. net cash utilized by financing activities of $4,000.C. net cash utilized by financing activities of $6,000.D. net cash provided by financing activities of $14,000.
16. BTE Corporation has the following information available for 2011:
Cash balance on 1/1/2011
$20,000
Cash balance on 12/31/2011
8,000
Net cash provided by operating activities
180,000
Net cash utilized by investing activities
160,000
The financing activity section of BTE’s statement of cash flows would show: A. net cash provided by financing activities of $32,000.B. net cash utilized by financing activities of $32,000.C. net cash utilized by financing activities of $8,000.D. net cash provided by financing activities of $8,000.
17. Justine Inc. has the following information available for 2011:
Cash balance on 1/1/2011
$ 12,000
Cash balance on 12/31/2011
20,000
Net cash provided by investing activities
50,000
Net cash provided by financing activities
16,000
The operating activity section of Justine’s statement of cash flows would show: A. net cash provided by operating activities of $58,000.B. net cash utilized by operating activities of $58,000.C. net cash utilized by operating activities of $98,000.D. net cash provided by operating activities of $98,000.
18. Which type of transactions are required by generally accepted accounting principles to be disclosed either in 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. 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
20. Given the following events, which ones affect cash flows from investing activities?
1.
Collection from issuing capital stock
2.
Payment of a dividend
3.
Purchases of property, plant, and equipment
4.
Collection from the sale of property, plant, and equipment
A. 1 and 2B. 3 and 4C. 2 and 4D. 1, 2, 3, and 4
