Which of the following will not be classified under operating activities in a cash flow statements? a. Cash receipts from sale of goods or rendering of services. b. Cash receipts from sale of equity and debt instruments of other entities held primarily for the purpose of being traded. c. Cash receipts from sale of equity instruments representing interests in joint ventures. d. Cash payments to employees for short-term employee benefits.
1. Which of the following will not be classified under operating activities in a cash flow statements?
a. Cash receipts from sale of goods or rendering of services.
b. Cash receipts from sale of equity and debt instruments of other entities held primarily for the purpose of being traded.
c. Cash receipts from sale of equity instruments representing interests in joint ventures.
d. Cash payments to employees for short-term employee benefits.
2. Which of the following is a correct computation of
a. Profit less depreciation expense, add increase in
b. Profit less depreciation expense, add decrease in accounts receivable, deduct increase in accounts payable.
c. Profit add depreciation expense, add decrease in accounts receivable, deduct increase in accounts payable.
d. Profit add depreciation expense, add decrease in accounts receivable, less decrease in accounts payable.
3. Cash flows provided by (used in) investing activities include the following, except
a. Payments to or on behalf of employees
b. Purchase of equity instruments classified as available for sale
c. Sale of plant and equipment
d. Principal collections from loans previously granted by the enterprise
5. Which statement is incorrect concerning presentation of noncurrent asset or disposal group classified as held for sale?
a. An entity shall present a noncurrent asset held for sale and the assets of a disposal group classified as held for sale separately from other assets.
b. The liabilities of a disposal group classified as held for sale shall be presented separately from other liabilities.
c. The assets and liabilities of a disposal group classified as held for sale shall not be offset as a single amount.
d. An entity shall
6.
a. Principal payments to creditors who have extended long-term credit
b. Interest payment on loans
c. Payment of dividends
d. Repayment of amounts borrowed on a short-term bank loan
9. The following item would not appear in cash flow statement
a. Receipts of cash from customers
b. Conversion of
c. Payment of creditors
d. Proceeds on disposal of noncurrent assets
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