Under ASPE the receipt of interest on loans would be reported on a statement of cash flows under www.OA. investing activities OB. operating activities OC. financing activities OD. no activities because interest received on loans would not be reported on a statement of cash flows

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows reports cash inflows and outflows under three activities section, which are:…

Q: When income is to be recognized on cash basis. by Safe Trust Bank, a distinction should be made…

A: In case of performing assets, the income should be recognised in accrual basis.  However, in case of…

Q: Which of the following transactions would be recorded if using the accrual basis ofaccounting but…

A: Given: To determine the following transactions would be recorded if using the accrual basis…

Q: which of the following transactions will result in the increase and decrease in liability? a.…

A: Liability is increased when the amount is borrowed when the liability is paid it is decreased by…

Q: On the statement of cash flows, which of the following items will affect both financing activities…

A: Collection of loans to other entities affect the financing activities and interest on loan received…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Cash flow from operating activities refers to activities done by the company in their normal course…

Q: The issuance of notes payable is classified in the statement of cash flows as a(n): a. Operating…

A: Three activities of cash flow statements are as follows:  Operating activities Investing activities…

Q: In a statement of cash flows prepared under IFRS, interest paid a. Must be classified as an…

A:

Q: How to treat interest expense when preparing a Statement of Cash flows? Interest paid is reported…

A: Operating activity under cash flow statement represent the amount of cash inflows and outflows from…

Q: The amount borrowed from the financial institution is called: a. Amortization b. Deferred payments…

A: There are where terminologies used while borrowing money from financial institutions

Q: Which of the following returns is consistent with contractual cash flows that are solely payments of…

A: IFRS 9 provides guidance of SPPI. The SSPI test decides that whether financial instruments are…

Q: In preparing the statement of cash flows, how should non-cash investing/financing activities be…

A: A statement of cash flow is a financial statement which provides aggregate data regarding cash…

Q: Access the FASB Accounting Standards Codification at the FASB website ( asc.fasb.org ). Determine…

A:

Q: 7. Interest received by a finance company is classified under which kind of activity while preparing…

A: Option a is correct.

Q: Cash advances and loans made by a financial institution are usually classified as

A: Advance:- Advance means, taking or paying (mostly money) for starting the work. This is mostly done…

Q: Cash received from the issuance of notes payable is a(n) ________ activity on the statement of cash…

A: Cash flow statements(CFS): The movement of cash which involves receipts and cash outflows are to…

Q: Mortgage Bond obtained/secured from Lee Bank will be recorded as a cash outflow under financing…

A: CASH FLOW FROM FINANCING ACTIVITIES  Cash Flow from Financing Activities is a section of a company's…

Q: Interest received and interest payments must be reported as operating cash flows using a. IFRS. b.…

A:

Q: How should significant non-cash transactions be reported in the statement of cash flows? a. They…

A: Explanation: As per the Financial Accounting Standards Board (FASB) Statement No.95, the significant…

Q: On the statement of cash flows, which of the following items is classified as a financingactivity?a.…

A: Statement of cash flows reports all the cash transactions which are responsible for inflow and…

Q: Which of the following is reported under the Financing Activities in the Statement of Cash Flow? O…

A: Financing activity under cash flow statement involves finance related cash inflow and outflow such…

Q: The portion of an entity’s cash account that is held as a compensating balance must be aggregated…

A: A compensating balance refers to the minimum portion of an entity’s cash account that a borrower…

Q: On which financial statement would the ending balance of the account “accounts receivable” be…

A: Definition: Balance sheet: This financial statement reports a company’s resources (assets) and…

Q: Interest payments to creditors are reported in a statement of cash flows as Select one: a. An…

A: Option a is correct.  Interest bears the nature of its principle hence thr interest payment on trade…

Q: Which section of the statement of cash flows shows cash inflows and outflows from the issue and…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: eposits held as compensating balances   a. if legally restricted and held against long-term credit…

A: Answer: Deposits held as compensating balances are the amount that are held by lender on account for…