4. Which of the following income statement items are included in "Selling and administrative expenses"? O A) Salaries, insurance, interest. B) Salaries, rent, advertising. O C) Rent, interest, cost of goods. O D) Advertising, research & development, amortization. O E) None of the above. 5. The statement of cash flows includes: OA) Financing Activities

4. Which of the following income statement items are included in "Selling and administrative expenses"? O A) Salaries, insurance, interest. B) Salaries, rent, advertising. O C) Rent, interest, cost of goods. O D) Advertising, research & development, amortization. O E) None of the above. 5. The statement of cash flows includes: OA) Financing Activities

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 39E: Reporting Net Cash Flow from Operating Activities The following information is available for...

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Identify the section of the statement of cash flows (a–d) where each of the following items would be reported.a. Operating activitiesb. Financing activitiesc. Investing activitiesd. Schedule of noncash financing and investing Increase in income taxes payable Where does this will be on the cash flow statement ?
Match (by letter) the following items with the description or example that best fits. Each letter is used only once.Terms1. Operating activities.2. Investing activities.3. Financing activities.4. Noncash activities.5. Indirect method.6. Direct method.7. Depreciation expense.8. Cash return on assets.Descriptionsa. Begins with net income and then lists adjustments to net income in order to arrive at operating cash flows.b. Item included in net income, but excluded from net operating cash flows.c. Net cash flows from operating activities divided by average total assets.d. Cash transactions involving lenders and investors.e. Cash transactions involving net income.f. Cash transactions for the purchase and sale of long-term assets.g. Purchase of long-term assets by issuing stock to seller.h. Shows the cash inflows and outflows from operations such as cash received from customers and cash paid for inventory, salaries, rent, interest, and taxes.
6. The major elements of the income statement are: a. revenue, cost of goods sold, selling expenses, and general expense. b. operating section, non-operating section, discontinued operations, and cumulative effect. c. revenues, expenses, gains, and losses. d. revenues, irregular items, and general expenses. 7. The income statement provides investors and ereditors with information to predict all of the following except the: a. amount of future cash flows. b. sources of future cash flows. c. timing of future cash flows. d. uncertainty of future cash flows. 8. In order to be classified as an extraordinary item in the me statement, an event or transaction should be: a. unusual in nature, infrequent, and material in amount. b. unusual in nature and infrequent, but it need not be material. c. infrequent and material in amount, but it need not be unusual in nature. d. unusual in nature and material, but it need not be infrequent.
4. _______ is the act of paying out includes money paid out to run abusiness, cash expenditure and etc.A. Disbursements C. PaymentB. Issuance of capital D. Payout
Hello, I need help with this question. Screenshots attached (the second screenshot is the balance sheet and income statement).
1 According to the statement of cash flows, an increase in accounts payable will the cash flow from activities. ut of Select one: a. Increase; financing. O b. Increase; operating. Oc. Increase; investment. d. Decrease; operating. e. Decrease; financing.
Which of the following is NOT a section on the cash flow statement? O a. Investing activities O b. Financing activities O c. Income generating activities O d. Operating activities
A statement of cash flows contains the following sections:a. net cash flow from operating activitiesb. cash flows from investing activitiesc. cash flows from financing activitiesd. investing and financing activities not affecting cashA list of items that appear on the statement is provided below:____ 1. Depreciation expense____ 2. Proceeds from sale of land at a gain____ 3. Decrease in accounts payable____ 4. Loss on cash sale of equipment____ 5. Payment for purchase of a buildingRequired:In the space provided, using the letters (a-d), indicate in which section(s) of the statement of cash flows the preceding items would most likely be classified (indirect method for operating activities). After each item affecting cash, indicate with a plus sign (+) or a minus sign (−) whether the item would be reported as an increase (inflow) or a decrease (outflow).
5. Using the following answer keys, you are to identify in which activity each of the transactions is classified and its effect on cash flows. Cash Flow Classification...using the capital letter only: O...Operating Activity I...Investing Activity F...Financing Activity OI...Operating and Investing Activity N...Noncash Transaction Effect on Cash Flows...using the capital letter only: I...Increase D...Decrease N...No Effect Transaction Cash Flow Classification Effect on Cash Flows Paid a cash dividend. Decreased accounts receivable. Increased inventory. Retired long-term debt with cash. Sold long-term securities at a loss. Issued stock for equipment. Decreased prepaid insurance. Purchased treasury stock with cash. Retired a fully depreciated truck (no gain or loss). Transferred cash to money market account.
3. Using the following answer keys, you are to identify in which activity each of the transactions is classified and its effect on cash flows. Cash Flow Classification...using the capital letter only: O...Operating Activity I...Investing Activity F...Financing Activity OI...Operating and Investing Activity N...Noncash Transaction Effect on Cash Flows...using the capital letter only: I...Increase D...Decrease N...No Effect Transaction Cash Flow Classification Effect on Cash Flows Declared and paid a cash dividend. Sold short-term trading securities at a gain. Retired fully depreciated equipment. Sold a machine at a loss. Purchased long-term available-for-sale securities. Decreased accounts receivable. Purchased 90-day Treasury bill. Incurred a net loss. Declared and issued a stock dividend. Sold treasury stock.
Oo.83. Subject :- Account .
Operating expenses are on the cash flow statement. T/F ???