41) The cash flows reported in the financing activities section reveal information about a company’s plans for the future.
42) The cash flows reported in the financing activities section reveal information about how a company is financed.
43) The sale of a long-term asset is reported on the statement of cash flows as an increase to cash from investing activities. The increase is equal to the cost of the asset.
44) A long-term asset purchased by issuing a note is reported on the statement of cash flows as a decrease to cash from investing activities.
45) A long-term asset purchased by issuing a note is disclosed in a note on the statement of cash flows.
46) Cash paid for interest is a financing activity.
47) Cash paid for interest is an operating activity.
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