statement of cash flow - QUIZ

Descrição

Quiz for purpose and elements of cash flow statement
kandiewhitehead
Quiz por kandiewhitehead, atualizado more than 1 year ago
kandiewhitehead
Criado por kandiewhitehead mais de 9 anos atrás
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Resumo de Recurso

Questão 1

Questão
Which of the following options is not a component of a statement of cash flow?
Responda
  • financing
  • investing
  • auditing

Questão 2

Questão
Operating activities for a statement of cash flow include other activities that are not investing or financing activities. Taxes paid/received are classified as operating activities.
Responda
  • True
  • False

Questão 3

Questão
Which of the following statements best describe the main purpose of a statement of cash flow?
Responda
  • The main purpose is to provide information about a companies gross receipts/payments for a specified time.
  • The main purpose is to understand the trends of a companies performance.

Questão 4

Questão
An element of reporting cash flow from operating activities is the direct method. Which of the following is not classified by the direct method?
Responda
  • Cash received
  • Taxes paid
  • Interest paid
  • undistributed profits

Questão 5

Questão
Cash flows should be reported as net.
Responda
  • True
  • False

Questão 6

Questão
An element of a cash flow statement is financing activities. Which best describes financing activities?
Responda
  • Activities that cause changes to equity.
  • Activities that cause changes to assets.

Questão 7

Questão
Investing activities within a cash flow statement are activities that relate to long-term assets and other investments, not included in cash equivalents.
Responda
  • True
  • False

Questão 8

Questão
Interest and Dividends can be classified as either of the 3 components (operating, financing or investing) as long as they are consistently treated from period to period.
Responda
  • True
  • False

Questão 9

Questão
With a statement of cash flow, which of the following needs to be considered?
Responda
  • non-cash investing transactions are not to be disclosed
  • foreign exchange transactions to be ignored
  • no disclosure required for acquisition and disposal of subsidiaries

Questão 10

Questão
Non-cash items such as depreciation, provisions, deferred taxes are classified as the indirect method of reporting cash flows from operating activities.
Responda
  • True
  • False

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