Flashcards
Statement of cash flow Flash cards
Flashcards do conjunto (5)
- 1Q . 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. - 2Q . 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.
- 3Q . What are investing activities ?A . Activities that relate to the acquisition and disposal of a long term asset and other investments.
- 4Q .What are financing activities ?A .Activities that cause changes to contributed equity and borrowing of an entity .
- 5Q. 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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- Q and A flash cards from statement of cash flow
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