Question Details

Which of the following would not be needed to determine net cash 



1.	Which of the following changes in retained earnings during a period will be reported in the financing activities section of the statement of cash flows?
1.	Declaration of a cash dividend paid during the period.
2.	Net income for the period.
a.	1
b.	2
c.	Neither 1 nor 2.
d.	Both 1 and 2.

2.	The statement of cash flows
a.	is prepared instead of an income statement under IFRS.
b.	is used to assess an entity's ability to pay dividends and meet obligations.
c.	is prepared from comparative income statements.
d.	reflects earnings per share figures on a cash basis and on an accrual basis in the body of the statement.


	3.	In preparing the statement of cash flows, determining the net increase or decrease in cash requires the use of
a.	the adjusted trial balance.
b.	the current period's statement of financial position.
c.	a comparative statement of financial position.
d.	a comparative income statement.

	4.	To determine the net cash provided (used) by operating activities, it is necessary to analyze
a.	the current year's income statement.
b.	a comparative statement of financial position.
c.	additional information.
d.	all of these.


	5.	Which of the following would not be needed to determine net cash provided by operating activities?
a.	Depreciation expense
b.	Change in accounts receivable
c.	Payment of cash dividends
d.	Change in prepaid expenses





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