Question Details

The order of presentation of activities on the statement of cash flows 




1.	Lending money and collecting the loans are
a.	operating activities.
b.	investing activities.
c.	financing activities.
d.	Non-cash investing and financing activities.

2.	The cash effects of transactions that create revenues and expenses are
a.	financing activities.
b.	investing activities.
c.	operating activities.
d.	processing activities.

	3.	The acquisition of land by issuing common stock is
a.	a noncash transaction which is not reported in the body of a statement of cash flows.
b.	a cash transaction and would be reported in the body of a statement of cash flows.
c.	a noncash transaction and would be reported in the body of a statement of cash flows.
d.	only reported if the statement of cash flows is prepared using the direct method.

4.	The order of presentation of activities on the statement of cash flows is
a.	operating, investing, and financing.
b.	operating, financing, and investing.
c.	financing, operating, and investing.
d.	financing, investing, and operating.

	5.	Financing activities involve
a.	lending money.
b.	acquiring investments.
c.	issuing debt.
d.	acquiring long-lived assets






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