What categories of cash flows are presented in a statement of cash flows?

Operating, investing,and financing

The three principal forms of business organization are:

A corporation, apartnership, and a sole proprietorship

Which of the following is a correct statement of the accounting equation in economic terms?

Economic resources =creditor financing + owner financing

In which of the following would a discussion of new markets that a company plans to enter appear?

Management Discussionand Analysis

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Questions 10

Answers

1
What categories of cash flows are presented in a statement of cash flows?
Receipts and disbursements
Financial andnon-financial
Operating andnon-operating
Operating, investing,and financing
2
Which of the following activities is an example of a financing activity?
Selling merchandiseonline
Receiving a loan froma bank
Purchasing a deliverytruck
Paying employeesalaries
3
Which of the following is not presented in a statement of stockholders’ equity?
A) Dividends
A) Revenues
A) Netincome
A) Stockholders’equity at the beginning of the year
4
The three principal forms of business organization are:
A corporation, apartnership, and a sole proprietorship
A labor union, astockholder, and a partnership
A sole proprietorship,a stockholder, and a corporation
A partnership, asub-S corporation, and a labor union
5
If assets total $140,000 and liabilities total $50,000, how much are net assets?
$50,000
$90,000
$140,000
$40,000
6
Which of the following is a correct statement of the accounting equation in economic terms?
Economic resources =creditor financing – owner financing
Economic resources =creditor financing + owner financing
Economic resources =operating assets + financial assets
Creditor financing =investing + operating
7
In which of the following would a discussion of new markets that a company plans to enter appear?
Notes to the FinancialStatements
Auditor’s report
Form 10-K
Management Discussionand Analysis
8
The accounting activities to provide management with accounting data for decisions related to a firm’s operations is:
Financial accounting
Regulatory accounting
Tax accounting
Managerial accounting
9
Puff Co. beginning RE was $50,000. Net Income for the year was $45,000. Ending RE was $60,000. What were dividends?
$30,000
$135,000
$15,000
$35,000
10
Which is the name of the annual report which all publically traded companies in the US must file with the SEC?
Auditor’s report
Form 10-K
Management Discussionand Analysis
Notes to theFinancial Statements

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