
(Learning Objective 1) Which of the following is not one of the activities found on the statement of
- a. Administrative activities
- b. Financing activities
- c. Investing activities
- d. Operating activities

To identify: The activity which is not one of the activities found on the statement of cash flows.
Answer to Problem 1QC
Option a. The activities which are not one of the activities found on the statement of cash flows are administrative activities.
Explanation of Solution
a.
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.
b.
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.
c.
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.
d.
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.
Want to see more full solutions like this?
Chapter 13 Solutions
Managerial Accounting (5th Edition)
- Solve this financial accounting problemarrow_forwardKindly help me with this General accounting questions not use chart gpt please fast given solutionarrow_forwardElizabeth Corp. sold 3,800 units of its product at a price of $92.25 per unit. The total variable cost per unit is $63, consisting of $41.50 in variable production cost and $21.50 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing. a. $192,850 b. $94,960 c. $196,140 d. $333,900 e. ($139,180)arrow_forward
- Bentley Industries applies manufacturing overhead on the basis of direct labor hours. At the beginning of the most recent year, the company based its predetermined overhead rate on a total estimated overhead of $127,500 and 5,100 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $131,200 and actual direct labor hours were 4,800. The applied manufacturing overhead for the year was closest to __.arrow_forwardCompute the company's predetermined overhead ratearrow_forwardThe Hidalgo Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 18,500 units. The ending work in process inventory is 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the costs per equivalent unit for the period are $3.75 for materials and $5.20 for labor and overhead, what would be the balance of the ending work in process inventory account? (Do not round cost per equivalent unit).arrow_forward
- Managerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubFinancial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage LearningCornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning
- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegeEBK CONTEMPORARY FINANCIAL MANAGEMENTFinanceISBN:9781337514835Author:MOYERPublisher:CENGAGE LEARNING - CONSIGNMENT



