ch 16 intro to cash flows video questions

purchasing a fixed asset will result in

a negative cash flow or a decrease in cash(cash outflow)

based on this example assuming the revenues were all collected when they were earned and there were no sales on the account, how much cash did this company get from the operations?

7000

which of the following is NOT a current asset

Account payable

which of the following current assets would not be taken into consideration when determining cash flows from operating activities using the indirect method.

cash

which of the following are sections in the statement of cash flows

cash flows from investing activities, cash flows from financing activities, cash flows from operating activities

the first section in the statement of cash flows

cash flows from operating activities

which of the following is a current asset

cash, accounts receivable, prepaid expenses

borrowing money from a bank

causes cash to go up (cash inflow)

it is a fixed asset is sold at a gain cash will increase by the amount of the gain

false

how does depreciation affect cost?

it doesnt

which of the following is the four main financial statements?

statement of cash flow, statement of owners equity, balance sheet, income statement

what are comparative balance sheet

they compare the balance sheet totals of one period to another

which of the following is not one of the four main financial statements?

trial balance

preparing a statement of cash flows using the direct method will be discussed in this video

true

the ending cash balance on the statement of cash flows will be the same as the cash amount reported on the balance sheet

true