Which of the following statements expresses the objective of a cash flow statement?
Correct Answer: All of the above
Explanation:
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More Accounting Cash Flow MCQ Questions
New equipment purchased by issuing a long-term note payable would appear in which of the following sections of the cash flow statement?
Purchasing inventory with a check will cause cash to ______________ .
XYZ Company reported the following information on its balance sheet: 01/01/07 Building: $800,000 Accumulated Depreciation: $200,000 12/31/07 Building: $785,000 Accumulated Depreciation: $225,000 In 2007, the company also purchased a building at a cost of $100,000. Considering the above data, did the company sell any building during the year, and if so, what was its original cost?
Cash received from the issue of debt would be shown as ____________________.
In 2007, XYZ Company had a net income of $312,000 and reported the following: Decrease in accounts receivable: $10,000 Gain on sale of building: $14,000 Increase in accounts payable: $12,000 Issuance of common stock: $90,000 Retirement of debt: $45,000 Given this data, the amount of cash flow from operations was ______________.
Which of the following would be shown in the investing section of a cash flow statement?
A cash flow statement is typically prepared _____________________.
Issuing ten-year bonds will cause cash to ______________ .
Equity income from an affiliate would be shown _____________________.
Dividends paid for the year would appear in which of the following sections of the cash flow statement?