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statement of cash flow - QUIZ

kandiewhitehead 10 questions 3.0 (1 rating)

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Questions in this quiz (10)

  1. 1Which of the following options is not a component of a statement of cash flow?
    1. Afinancing
    2. Binvesting
    3. Cauditing
  2. 2Operating activities for a statement of cash flow include other activities that are not investing or financing activities. Taxes paid/received are classified as operating activities.
    1. ATrue
    2. BFalse
  3. 3Which of the following statements best describe the main purpose of a statement of cash flow?
    1. AThe main purpose is to provide information about a companies gross receipts/payments for a specified time.
    2. BThe main purpose is to understand the trends of a companies performance.
  4. 4An element of reporting cash flow from operating activities is the direct method. Which of the following is not classified by the direct method?
    1. ACash received
    2. BTaxes paid
    3. CInterest paid
    4. Dundistributed profits
  5. 5Cash flows should be reported as net.
    1. ATrue
    2. BFalse
  6. 6An element of a cash flow statement is financing activities. Which best describes financing activities?
    1. AActivities that cause changes to equity.
    2. BActivities that cause changes to assets.
  7. 7Investing activities within a cash flow statement are activities that relate to long-term assets and other investments, not included in cash equivalents.
    1. ATrue
    2. BFalse
  8. 8Interest and Dividends can be classified as either of the 3 components (operating, financing or investing) as long as they are consistently treated from period to period.
    1. ATrue
    2. BFalse
  9. 9With a statement of cash flow, which of the following needs to be considered?
    1. Anon-cash investing transactions are not to be disclosed
    2. Bforeign exchange transactions to be ignored
    3. Cno disclosure required for acquisition and disposal of subsidiaries
  10. 10Non-cash items such as depreciation, provisions, deferred taxes are classified as the indirect method of reporting cash flows from operating activities.
    1. ATrue
    2. BFalse

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Description
Quiz for purpose and elements of cash flow statement
Language
English
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