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