The activity which is not one of the activities found on the statement of cash flows .

Question

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Answer 1

Question

Chapter 13, Problem 1QC

To determine

To identify: The activity which is not one of the activities found on the statement of cash flows.

Expert Solution & Answer

Answer to Problem 1QC

Option c. The activities which are not one of the activities found on the statement of cash flows are administrative activities.

Explanation of Solution

a.

Investing activities: This option is incorrect as the investing activities are not among those activities which are not included in cash flow statement. Investing activities deal with the sale and purchase of the fixed assets of the company and these are part of cash flow statement.

b.

Operating activities: The activities which involve the day to day operations like sale and purchase of goods or rendering of services are inculcated in operating activities. Operating activities are primarily included while making the statement of cash flows. Thus, this option is incorrect.

c.

Administrative activities: This is the correct option because administrative activities are not taken into account while preparing the cash flow statement. The cash flow statement includes operating, investing and financing activities only.

d.

Financing activities: The activities which are associated with the issuance of shares, payment of loans are termed as financing activities. These activities are a part of the cash flow statement. Thus, this option is incorrect.

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Students have asked these similar questions

Question 4

Question 1

Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition. Lily-Mae makes handheld calculators in two models: basic and professional. Lily-Mae estimated $812,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 250,000 machine hours, and the professional model consumed 375,000 machine hours.Compute the predetermined overhead allocation rate using machine hours (MHr) as the allocation base. How much overhead is allocated to the basic model? To the professional model? Basic $325,000

Answer 2

Question

Chapter 13, Problem 1QC

To determine

To identify: The activity which is not one of the activities found on the statement of cash flows.

Expert Solution & Answer

Answer to Problem 1QC

Option c. The activities which are not one of the activities found on the statement of cash flows are administrative activities.

Explanation of Solution

a.

Investing activities: This option is incorrect as the investing activities are not among those activities which are not included in cash flow statement. Investing activities deal with the sale and purchase of the fixed assets of the company and these are part of cash flow statement.

b.

Operating activities: The activities which involve the day to day operations like sale and purchase of goods or rendering of services are inculcated in operating activities. Operating activities are primarily included while making the statement of cash flows. Thus, this option is incorrect.

c.

Administrative activities: This is the correct option because administrative activities are not taken into account while preparing the cash flow statement. The cash flow statement includes operating, investing and financing activities only.

d.

Financing activities: The activities which are associated with the issuance of shares, payment of loans are termed as financing activities. These activities are a part of the cash flow statement. Thus, this option is incorrect.

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Answer 3

Question

Chapter 13, Problem 1QC

To determine

To identify: The activity which is not one of the activities found on the statement of cash flows.

Expert Solution & Answer

Answer to Problem 1QC

Option c. The activities which are not one of the activities found on the statement of cash flows are administrative activities.

Explanation of Solution

a.

Investing activities: This option is incorrect as the investing activities are not among those activities which are not included in cash flow statement. Investing activities deal with the sale and purchase of the fixed assets of the company and these are part of cash flow statement.

b.

Operating activities: The activities which involve the day to day operations like sale and purchase of goods or rendering of services are inculcated in operating activities. Operating activities are primarily included while making the statement of cash flows. Thus, this option is incorrect.

c.

Administrative activities: This is the correct option because administrative activities are not taken into account while preparing the cash flow statement. The cash flow statement includes operating, investing and financing activities only.

d.

Financing activities: The activities which are associated with the issuance of shares, payment of loans are termed as financing activities. These activities are a part of the cash flow statement. Thus, this option is incorrect.

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Answer 4

Question

Chapter 13, Problem 1QC

To determine

To identify: The activity which is not one of the activities found on the statement of cash flows.

Expert Solution & Answer

Answer to Problem 1QC

Option c. The activities which are not one of the activities found on the statement of cash flows are administrative activities.

Explanation of Solution

a.

Investing activities: This option is incorrect as the investing activities are not among those activities which are not included in cash flow statement. Investing activities deal with the sale and purchase of the fixed assets of the company and these are part of cash flow statement.

b.

Operating activities: The activities which involve the day to day operations like sale and purchase of goods or rendering of services are inculcated in operating activities. Operating activities are primarily included while making the statement of cash flows. Thus, this option is incorrect.

c.

Administrative activities: This is the correct option because administrative activities are not taken into account while preparing the cash flow statement. The cash flow statement includes operating, investing and financing activities only.

d.

Financing activities: The activities which are associated with the issuance of shares, payment of loans are termed as financing activities. These activities are a part of the cash flow statement. Thus, this option is incorrect.

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Answer 5

Chapter 13, Problem 1QC

To determine

To identify: The activity which is not one of the activities found on the statement of cash flows.

Expert Solution & Answer

Answer to Problem 1QC

Option c. The activities which are not one of the activities found on the statement of cash flows are administrative activities.

Explanation of Solution

a.

Investing activities: This option is incorrect as the investing activities are not among those activities which are not included in cash flow statement. Investing activities deal with the sale and purchase of the fixed assets of the company and these are part of cash flow statement.

b.

Operating activities: The activities which involve the day to day operations like sale and purchase of goods or rendering of services are inculcated in operating activities. Operating activities are primarily included while making the statement of cash flows. Thus, this option is incorrect.

c.

Administrative activities: This is the correct option because administrative activities are not taken into account while preparing the cash flow statement. The cash flow statement includes operating, investing and financing activities only.

d.

Financing activities: The activities which are associated with the issuance of shares, payment of loans are termed as financing activities. These activities are a part of the cash flow statement. Thus, this option is incorrect.

Answer 6

Chapter 13, Problem 1QC

To determine

To identify: The activity which is not one of the activities found on the statement of cash flows.

Expert Solution & Answer

Answer to Problem 1QC

Option c. The activities which are not one of the activities found on the statement of cash flows are administrative activities.

Explanation of Solution

a.

Investing activities: This option is incorrect as the investing activities are not among those activities which are not included in cash flow statement. Investing activities deal with the sale and purchase of the fixed assets of the company and these are part of cash flow statement.

b.

Operating activities: The activities which involve the day to day operations like sale and purchase of goods or rendering of services are inculcated in operating activities. Operating activities are primarily included while making the statement of cash flows. Thus, this option is incorrect.

c.

Administrative activities: This is the correct option because administrative activities are not taken into account while preparing the cash flow statement. The cash flow statement includes operating, investing and financing activities only.

d.

Financing activities: The activities which are associated with the issuance of shares, payment of loans are termed as financing activities. These activities are a part of the cash flow statement. Thus, this option is incorrect.

Answer 7

Chapter 13, Problem 1QC

To determine

To identify: The activity which is not one of the activities found on the statement of cash flows.

Answer 8

Expert Solution & Answer

Answer to Problem 1QC

Option c. The activities which are not one of the activities found on the statement of cash flows are administrative activities.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

a.

Investing activities: This option is incorrect as the investing activities are not among those activities which are not included in cash flow statement. Investing activities deal with the sale and purchase of the fixed assets of the company and these are part of cash flow statement.

b.

Operating activities: The activities which involve the day to day operations like sale and purchase of goods or rendering of services are inculcated in operating activities. Operating activities are primarily included while making the statement of cash flows. Thus, this option is incorrect.

c.

Administrative activities: This is the correct option because administrative activities are not taken into account while preparing the cash flow statement. The cash flow statement includes operating, investing and financing activities only.

d.

Financing activities: The activities which are associated with the issuance of shares, payment of loans are termed as financing activities. These activities are a part of the cash flow statement. Thus, this option is incorrect.