ACC 291 Week 4 Chapter 13 Practice Quiz 1

In this file ACC 291 Week 4 Chapter 13 Practice Quiz 1 you can find right answers on the following questions:

  1. Which of the following is incorrect about the statement of cash flows?
  2. Which of the following will not be reported in the statement of cash flows?
  3. The statement of cash flows classifies cash receipts and cash payments by these activities:
  4. Which is an example of a cash flow from an operating activity?
  5. Which is an example of a cash flow from an investing activity?
  6. Cash dividends paid to stockholders are classified on the statement of cash flows as:
  7. Which is an example of a cash flow from a financing activity?
  8. Which of the following is incorrect about the statement of cash flows?
  9. Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operations?
  10. Items that are added back to net income in determining cash provided by operating activities under the indirect method do not include:
  11. The following data are available for Allen Clapp Corporation. Net cash provided by operating activities is:
  12. The following data are available for Orange Peels Corporation. Net cash provided by investing activites is:
  13. The following data are available for Meter Company. Net cash provided by financing activities is:
  14. The statement of cash flows should not be used to evaluate an entity's ability to:
  15. Free cash flow provides an indication of a company's ability to:
  16. In a worksheet for the statement of cash flows, a decrease in accounts receivable is entered in the reconciling columns as a credit to Accounts Receivable and a debit in the:
  17. In a worksheet for the statement of cash flows, a worksheet entry that includes a credit to accumulated depreciation will also include a:
  18. The beginning balance in accounts receivable is $44,000, the ending balance is $42,000, and sales during the period are $129,000. What are cash receipts from customers?
  19. Which of the following items is reported on a cash flow statement prepared by the direct method?
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