Question 10: Describe the direct method of reporting cash flows from operating activities. Question 11:

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Question 10: Describe the direct method of reporting cash flows from operating activities.

Question 11: Describe the indirect method of reporting cash flows from operating activities.

Question 15: Explain the procedure for verifying the accuracy of the statement of cash flows.

Question 16: What are cash equivalents?

Question 21: What is the most important value reported on the statement of cash flows when evaluating the financial health of a company? 

E23-1A: IDENTIFICATION OF OPERATING, INVESTING, AND FINANCING ACTIVITIES The following activities took place during the current year. Indicate whether each activity is a cash inflow (+) or cash outflow (-), and whether it is an operating activity (O), an investing activity (I), or a financing activity (F).

(a) Proceeds from collection of principal amount of loans made to borrowers

(b) Cash receipts from the sale of goods

(c) Payments for interest on loans

(d) Payments of dividends to stockholders

(e) Payments to acquire investments in debt securities

(f) Dividends received on investments made in the stock of other corporations

(g) Repayment of the principal on loans

(h) Interest received on loans made to outside entities

(i) Salaries paid to employees

(j) Payments to acquire property, plant, and equipment and other productive assets

(k) Payments to purchase treasury stock

(l) Proceeds from the sale of common stock