21) The preparation of the statement of cash flows includes the calculation of all of the following
EXCEPT
the ________.
A) net increase (or decrease) in total cash
B) net cash inflows (or outflows) from operating activities
C) net cash inflows (or outflows) from investing activities
D) net increase (or decrease) in retained earnings
22) The preparation of the statement of cash flows includes the calculation of all of the following
EXCEPT
the ________.
A) net cash inflows (or outflows) from financing activities
B) net cash inflows (or outflows) from free cash flows
C) net cash inflows (or outflows) from operating activities
D) net cash inflows (or outflows) from investing activities
23) Cash from operating activities includes cash ________.
A) collected from customers
B) paid for land
C) received from loans
D) paid for dividends
24) The statement of cash flows is one of the four financial statements a company must prepare as part of GAAP.
25) The statement of cash flows is one of the four financial statements a company must prepare as part of International Financial Reporting Standards (IFRS).
26) The statement of cash flows shows all of the income a company earned during a period and the dividends it has declared.
27) The statement of cash flows shows all the cash a company has received and all the cash a company has paid during the accounting period.
28) Cash transactions related to buying and selling assets that the firm plans to use for longer than one year are investing activities.
29) Cash transactions related to loans and cash contributions from and distributions to owners are investing activities.
30) The statement of cash flows shows all of the cash a company has received and all the cash a company has paid from operating, investing, and manufacturing during the accounting period.