Contribution received from shareholders will be recorded as. a. Dr Receivables Cr Cash account b. Dr Capital Cr Cash account c. Dr Cash account Cr Capital d. Dr Cash account Cr receivables

Q: Element of financial position is a)  Cash. b)  Interest

A: This is a multiple-choice question for elements of financial statement in which we have to choose…

Q: The primary purpose of the statement of cash flows is to provide information about Oa. the…

A: The cash flows statement is part of financial statements. cash flows statement shows the cash flows…

Q: Which of the following accounts would be found in the Financing Activities section of the statement…

A: Statement of cash flows is one of the financial statement of business, which shows all cash inflows…

Q: Match each transaction to one of the following activities of an organization: financing activity(F),…

A: Three major categories of an organization’s business activities are as follows:  Financing,…

Q: Which financial statement provides the most information about the following topics (and why)?…

A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows:

Q: Which of the following choices accurately reflects how the recording of accrued salary expense…

A: Accrued Salary Expense is an expense that is accrued but yet to be paid. Hence, it is a liability.

Q: Information about the financial performance of an entity is primarily provided in the: A. Statement…

A: Income statement is prepared to show the financial Performance of the organisation after analysing…

Q: Cash receipts by issuing share are A. Cash inflows from investing activities B. Cash inflows from…

A: The cash flow statement is prepared to record the cash flow from various activities including…

Q: 43- Contribution received from shareholders will be recorded as a. Dr Receivables Cr Cash account b.…

A: Solution:- Journal entry for Contribution received from shareholders as follows under:-…

Q: Which of the following cash flows results from an operating activity?   a. Paying dividends to…

A: Cash flow statement: It is one of the financial statements prepared at the end of a particular…

Q: An income statement is sometimes called thea. statement of financial position.b. owners’ equity…

A:

Q: Investing cash flows would include which of the following? a. Payment for advertising. b. Payment of…

A:

Q: Which financial statement must be prepared before the others? -statement of cash flows - income…

A: Four financial statements are: Income Statement  Balance Sheet Statement of Retained Earnings Cash…

Q: Examine the business activity and decide for its classification from the choices below. Also,…

A: Cash flows from operating activities includes all cash inflows and cash outflows of the business…

Q: How are the balance sheet and the statement of cash flows linked?   a. By the cash balance   b.…

A: The cash flow statement seems to be a financial statement that describes the sum of cash & cash…

Q: Place an X' in the appropriate columns for each of the following situations to indicate how amounts…

A: Cash flow analysis Cash flow analysis is one of the powerful tools in the accounting to determine…

Q: Which of the following account is affected from the drawings of cash in sole- * ?proprietorship…

A: Sole Proprietorship: It is a form of business where one person is solely responsible for all the…

Q: * ?A financial statement that summarizes company revenue and expenses is Income statement Cash flow…

A: A financial statement seems to be a statement that shows the profitability, consistency, and…

Q: 7. Interest received by a finance company is classified under which kind of activity while preparing…

A: Option a is correct.

Q: An accounting concept’s applied when the cash drawn by from the business is recorded as “Owner’s…

A: The basic assumptions, rules, or conditions specifying the constraints for the working of accounting…

Q: Which is related to accepting deposits and lending money for business and personal needs to earn…

A: Financial Accounting:- Financial accounting is considered as the process of recording, summarizing…

Q: Cash received from the issuance of notes payable is a(n) ________ activity on the statement of cash…

A: Cash flow statements(CFS): The movement of cash which involves receipts and cash outflows are to…

Q: Distributions of cash or other assets by a business to its stockholders are called: A) Dividends. B)…

A: Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: On which financial statement would the Supplies account appear? a. Statement of Cash flows b. Income…

A: Supplies: Supplies account is reported in the balance sheet when it is in the stock. When supplies…

Q: A client pays a firm the outstanding balance on an inv this? O General Journal O Cash Disbursements…

A: Any outstanding balance receivable from client or customer, such account will shown as receivable in…

Q: ch financial statement presents a summary of the Assets, Liabilities, and ?Owners' Equity of a firm…

A: Cash flow statements refers to the form of financial documents which reflect all the activities that…

Q: Dividend payments to shareholders are classified as A. Cash outflow for financing activities B.…

A: Cash flow statement (CFS) is the one which is used to report the cash flows of the entity.

Q: Identifying Financial Statement Line Items and Accounts Several line items and account titles are…

A: The income statement records all the expenses and revenues and tells the profit or losses for the…

Q: Net corporate cash flow is a metric created by cash-basis accounting. Explain the metric in detail

A: Accounting is the process of documenting a business's financial transactions. These transactions are…

Q: The element of financial performance is a) © Accounts payable. b)© Capital. ©  Sales revenue. d) @…

A: Financial performance is a measure of how well a particular company is performing during a…

Q: The financial statement that reports revenues and expenses is called thea. income statement.b.…

A: Definition: Financial statements: Financial statements are condensed summary of transactions…

Q: Interest payments to creditors are reported in a statement of cash flows as Select one: a. An…

A: Option a is correct.  Interest bears the nature of its principle hence thr interest payment on trade…

Q: The cash invested in the business by the owner is known as? a. Shares b.Capital Oc. Loan d.Profit

A: Explanation: Cash invested by the owner within the firm is known as capital. It may be brought…

Q: When a corporation declares a cash dividend, the entry include a a. debit to net income b. credit…

A: The correct entry for declaration of dividend is:   Account Titles and Explanation  Debit…

Q: Which of the following fi nancial statements is generallyprepared fi rst?a. Income statement.b.…

A: Introduction: Balance sheet: All Assets and liabilities are recorded in Balance sheet. It tells the…

Q: Which financial statement shows that a company’s resources equal claims to those resources? a.…

A: Income Statement conveys a company's ability to generate profits in the current period.

Q: Which of the following transaction is considered an investing activity when preparing a Cash flow…

A: Cash Flow Statement: The Cash flow statement is a significant financial statement, as it reveals how…

Q: Owner’s equity represents which of the following? a. the total of retained earnings plus paid-in…

A: Owner equity means the amount that belong to the businessmen including the capital , retained…

Q: Indicate the section where transactions would appear on the statement of cash flows.O. Cash flows…

A: The question is related to identifying of the activity in Cash Flow Statement.