Statement of cash flow Flash cards

badloukbek
Flashcards by badloukbek, updated more than 1 year ago
badloukbek
Created by badloukbek over 5 years ago
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Q and A flash cards from statement of cash flow

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Question Answer
Q . What is the definition of cash and cash equivalent . A . Highly liquid investments Readily convertible to known amounts of cash. Subject to insignificant risk of changes in value.
Q . What are operating activities ? A . Main Revenue producing activities of the entity and other activities that are not investing or financing activities like taxes paid and received.
Q . What are investing activities ? A . Activities that relate to the acquisition and disposal of a long term asset and other investments.
Q .What are financing activities ? A .Activities that cause changes to contributed equity and borrowing of an entity .
Q. Received or paid interest and dividends can be classified as what ? A . Operating Investing Financing as long as they are consistently treated from period to period
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