1: Non Cash investing and financing transactions:
2: Cash equivalents do not include:
3: Investors and creditors would find the statement of cash flows least useful in assessing:
4: Collected accounts receivables:
5: If net cash flows from operating activities were $187,000, net income were $50,000, and net sales were $600,000, the cash flow yield would equal (Round to on decimal place)
6: If the indirect method is used to prepare a statement of cash flows, which of the following would be deducted from the net income to arrive at net cash flows from operating activities:
7: indirect method is used to compute net cash flows from operating activities. From the financial statements –“Increase in Accounts Receivable” indicate the effect on net income in arriving at net cash flow flows from operating activities
8: Assume the indirect method is used to compute net cash flows from operating activities. From the financial statements –“Decrease in Prepaid Expenses” indicate the effect on net income in arriving at net cash flow flows from operating activities
9: If the indirect method is used, each of the following is a proper adjustment to net income to arrive at net cash flows from operating activities, except:
10: In preparing a statement of cash flows using the indirect method, an increase in unearned revenue account should:
11: On the statement of cash flows prepared using the indirect method, the amount representing cash paid for interest would: