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Under IFRS, an entity that is not a financial institution may classify interest and dividends received as cash inflows from -------------------------------------------------.
Under IFRS, an entity that is not a financial institution may classify interest and dividends received as cash inflows from operating and investing activities.
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Under --------------- an entity that is not a financial institution may classify interest and dividends received as cash inflows from operating and investing activities.
Under IFRS, an entity that is not a financial institution may classify interest and dividends received as cash inflows from operating and investing activities.
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The FASB encourages use of the -------------- method but does not require it.
The FASB encourages use of the direct method but does not require it.
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Most entities apply the ---------------- method because the reconciliation of net income to net operating cash flow must be disclosed.
Most entities apply the indirect method because the reconciliation of net income to net operating cash flow must be disclosed.
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In a statement of cash flows (indirect method) of a business, an increase in inventories should be presented as a(n)
Deduction from income from continuing operations.
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In a statement of cash flows of a business in which operating activities are presented on an indirect or reconciliation basis, cash flows from operating activities are determined by adjusting net income (which includes income from continuing operations) to remove the effects of all
(1) -------------------------------
(2) ------------------------------------------------
(3) accruals of expected future operating cash receipts and payments, and
(4) items whose cash effects are investing or financing activities.
In a statement of cash flows of a business in which operating activities are presented on an indirect or reconciliation basis, cash flows from operating activities are determined by adjusting net income (which includes income from continuing operations) to remove the effects of all
(1) non-cash items,
(2) deferrals of past operating cash receipts and payments,
(3) accruals of expected future operating cash receipts and payments, and
(4) items whose cash effects are investing or financing activities.
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In a statement of cash flows of a business in which operating activities are presented on an indirect or reconciliation basis, cash flows from operating activities are determined by adjusting net income (which includes income from continuing operations) to remove the effects of all
(1) non-cash items,
(2) deferrals of past operating cash receipts and payments,
(3) ------------------------------------------- and
(4) --------------------------------------------
In a statement of cash flows of a business in which operating activities are presented on an indirect or reconciliation basis, cash flows from operating activities are determined by adjusting net income (which includes income from continuing operations) to remove the effects of all
(1) non-cash items,
(2) deferrals of past operating cash receipts and payments,
(3) accruals of expected future operating cash receipts and payments, and
(4) items whose cash effects are investing or financing activities.
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The total of cash provided (used) by the three activities (operating, investing, and financing) should equal the -------------------------------------.
The total of cash provided (used) by the three activities (operating, investing, and financing) should equal the increase or decrease in cash for the year.
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Dividends paid to shareholders are shown on the statement of cash flows as
Cash flows from financing activities.
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Payne Co. prepares its statement of cash flows using the indirect method. Payne’s unamortized bond discount account decreased by $25,000 during the year. How should Payne report the change in unamortized bond discount in its statement of cash flows?
As an addition to net income in the operating activities section.
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In a statement of cash flows prepared using the indirect method, net operating cash flow is determined by adjusting net income. The indirect method begins with net income and then removes the effects of
(1) ------------------------------------------------------------
(2) accruals of estimated future operating cash receipts and payments, and
(3) net income items not affecting operating cash flows.
In a statement of cash flows prepared using the indirect method, net operating cash flow is determined by adjusting net income. The indirect method begins with net income and then removes the effects of
(1) deferrals of past operating cash receipts and payments,
(2) accruals of estimated future operating cash receipts and payments, and
(3) net income items not affecting operating cash flows.
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In a statement of cash flows prepared using the indirect method, net operating cash flow is determined by adjusting net income. The indirect method begins with net income and then removes the effects of
(1) deferrals of past operating cash receipts and payments,
(2) ----------------------------------------------------------- and
(3) net income items not affecting operating cash flows.
In a statement of cash flows prepared using the indirect method, net operating cash flow is determined by adjusting net income. The indirect method begins with net income and then removes the effects of
(1) deferrals of past operating cash receipts and payments,
(2) accruals of estimated future operating cash receipts and payments, and
(3) net income items not affecting operating cash flows.
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In a statement of cash flows prepared using the indirect method, net operating cash flow is determined by adjusting net income. The indirect method begins with net income and then removes the effects of
(1) deferrals of past operating cash receipts and payments,
(2) accruals of estimated future operating cash receipts and payments, and
(3) ---------------------------------------------------------
In a statement of cash flows prepared using the indirect method, net operating cash flow is determined by adjusting net income. The indirect method begins with net income and then removes the effects of
(1) deferrals of past operating cash receipts and payments,
(2) accruals of estimated future operating cash receipts and payments, and
(3) net income items not affecting operating cash flows.
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