accounting chapter 16

issuing debt

financing activities include?

operating investing financing

the order of presentation of activities on the statement of cash flow is?

a separate schedule

A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in

investing activities

A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under

gain on sale of land

Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?

bonds payable exchange for capital stock

Which of the following would not be found in a schedule of noncash investing and financing activities, reported at the end of a statement of cash flows?

cash flows from contingent activities

Which of the following would not be on the statement of cash flows?

deducted from net income

In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is

the Cash flows from investing activities section

Cash paid for equipment would be reported on the statement of cash flows in

financing activities

Cash paid for preferred stock dividends should be shown on the statement of cash flows under

financing activity

Cash receipts received from the issuance of a mortgage notes payable would be classified as a(n)

increase by 48,000

Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would

expenses on an accrual basis are greater than expenses on a cash basis

If accounts payable have increased during a period,

50,000

Land costing $71,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an operating activity from the sale of land?

gains or losses on fixed assets

On the statement of cash flows prepared by the indirect method, the Cash flows from operating activities section would include

receipts from the issuance of capital stock

On the statement of cash flows, the Cash flows from financing activities section would include

payments of interest on bonds payable

On the statement of cash flows, the Cash flows from financing activities section would include all of the following except?

receipts from the sale of investments

On the statement of cash flows, the Cash flows from investing activities section would include

depreciation expense

Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method?

a decrease in accounts receivable

Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? 2

financing activites

A 10-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under