• 2022-06-06
    Under the indirect method of preparing a statement of cash flows, amortization expense for the current period is:
  • added in the operating activities section.

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      Cash<br/>flows are grouped in the statement of cash flows into the following<br/>major categories( ) A: Cash receipts, cash disbursements, and noncash activities B: Direct cash flows and indirect cash flows C: Operating activities, investing activities, and financing activities D: Operating activities, investing activities, and collecting activities

    • 1

      In a statement of cash flows, the issue of shares appear under which heading? A: Cash flows from operating activities. B: Investing activities. C: Financing activities. D: Cash and cash equivalents.

    • 2

      Which of the following is reported on the statement of cash flows? (<br/>) A: cash<br/>and cash equivalent B: wages<br/>expense C: cash paid for rent D: wages payable

    • 3

      __________ of the profitability of the firm over a period of time such as a year. ( ) A: The income statement is a summary B: The balance sheet is a summary C: The audit report is a summary D: That statement of cash flows is a summary

    • 4

      Which of the following is not a purpose of the statement of cash flows?