11) The statement of cash flows shows all of ________ the period.
A) the cash a company has collected and paid during
B) the revenues earned and expenses incurred during
C) assets, liabilities and shareholders’ equity at the end of
D) the changes in shareholders’ equity during
12) Cash from operating activities includes ________.
A) all cash receipts and all cash disbursements for long-term business assets
B) all cash receipts and all cash disbursements for loans, contributions from owners, and distributions to owners
C) all cash receipts and cash disbursements for routine sales and payments made in the course of doing business
D) detailed estimates of the sources of cash and uses of cash
13) Cash paid to vendors is characterized as an ________ activity.
A) inflow from investing
B) outflow for investing
C) inflow from operating
D) outflow for operating
14) The statement of cash flows is required by ________.
A) U.S. GAAP only
B) IFRS only
C) both U.S. GAAP and IFRS
D) neither U.S. GAAP nor IFRS
15) Cash budgets are required by ________.
A) U.S. GAAP
B) IFRS
C) both U.S. GAAP and IFRS
D) neither U.S. GAAP nor IFRS
16) Cash collections from customers is a(n) ________ activity on the statement of cash flows.
A) operating
B) investing
C) financing
D) indirect
17) Cash proceeds from the sale of land is a(n) ________ activity on the statement of cash flows.
A) operating
B) investing
C) financing
D) indirect
18) Cash proceeds from a new stock issue is a(n) ________ activity on the statement of cash flows.
A) operating
B) investing
C) financing
D) indirect
19) Repayment of a loan is a(n) ________ activity on the statement of cash flows.
A) operating
B) investing
C) financing
D) indirect
20) Cash dividends paid to shareholders is a(n) ________ activity on the statement of cash flows.
A) operating
B) investing
C) financing
D) indirect