far 17 a 12282020

  1. The purpose of a ---------------------------- is to provide information about cash inflows and outflows from operating, investing, and financing activities.
    The purpose of a statement of cash flows is to provide information about cash inflows and outflows from operating, investing, and financing activities.
  2. True or False

    Under U.S. GAAP, operating cash inflows include cash interest and dividends received.
    True
  3. Cash inflows from ---------------------------- include receipts from collection or sale of accounts and notes resulting from sales to customers.
    Cash inflows from operating activities include receipts from collection or sale of accounts and notes resulting from sales to customers.
  4. -------------------------------------------Cash inflows from operating activities include cash receipts in the form of interest and dividends, that is, returns on loans, other debt instruments of other entities, and equity securities.
    Cash inflows from operating activities include cash receipts in the form of interest and dividends, that is, returns on loans, other debt instruments of other entities, and equity securities.
  5. Investing activities exclude transactions in (1) -----------------and (2) -----------------------------------------------.
    Investing activities exclude transactions in (1) cash equivalents and (2) certain loans or other debt or equity instruments acquired for resale in the short-term.
  6. Under U.S. GAAP, payment of a dividend is a -------------------, and receipt of a dividend is an -----------------------.
    Under U.S. GAAP, payment of a dividend is a financing cash flow, and receipt of a dividend is an operating cash flow.
  7. Under IFRS, bank overdrafts may be classified as cash and cash equivalents if they are (1) ------------------------ and (2) ---------------------------------------.
    Under IFRS, bank overdrafts may be classified as cash and cash equivalents if they are (1) repayable on demand and (2) part of an entity’s cash management.
  8. Under IFRS, bank overdrafts may be classified as ----------------------------------- if they are (1) repayable on demand and (2) part of an entity’s cash management.
    Under IFRS, bank overdrafts may be classified as cash and cash equivalents if they are (1) repayable on demand and (2) part of an entity’s cash management.
  9. A statement of cash flows provides information about, among other things, an entity’s activities in generating cash through operations (operating activities) to (1) ----------------, (2) ---------------, or (3) ---------------------------------------.
    A statement of cash flows provides information about, among other things, an entity’s activities in generating cash through operations (operating activities) to (1) repay debt, (2) distribute dividends, or (3) reinvest to maintain or expand operating capacity.
  10. Cash flows from ------------------------- generally involve the cash effects of transactions and other events that relate to the issuance, settlement, or reacquisition of an entity’s debt and equity instruments.
    Cash flows from finance activities generally involve the cash effects of transactions and other events that relate to the issuance, settlement, or reacquisition of an entity’s debt and equity instruments.
  11. ------------------ activities include making and collecting loans.
    Investing activities include making and collecting loans.
  12. Financing activities do not include the payment of --------------.
    Financing activities do not include the payment of interest.
  13. The payments for interest are ----------------------------.
    The payments for interest are operating cash flows.
  14. The acquisition of a long-lived asset in exchange for debt is a -----------------------------------------.
    The acquisition of a long-lived asset in exchange for debt is a noncash investing transaction.
Author
Joens1313
ID
354030
Card Set
far 17 a 12282020
Description
far 17 a 12282020
Updated