Th e sale of a building for cash would be classifi ed as what type of activity on the cash fl ow statement? C . Financing.

Q: When income is to be recognized on cash basis. by Safe Trust Bank, a distinction should be made…

A: In case of performing assets, the income should be recognised in accrual basis.  However, in case of…

Q: prese vesting activities se ent of cash flows? * n of accounts receivab chases of inventories

A: Investing activities of statement of cash flow represents inflow or outflow of cash related to…

Q: f a company has both an inflow and outflow of cash related to property, plant, and equipment, the…

A: Cash flow statement keeps the record of all the cash inflows and outflows in the business.

Q: Cash flows relating to asset held for rental to others are classified as A. Operating B. Financing…

A: The cash flow statement records the cash transactions such as operating activities, investing…

Q: Which of the following is NOT shown in the correct category on the statement of cash flows?…

A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…

Q: On the statement of cash flows, which of the following items will affect both financing activities…

A: Collection of loans to other entities affect the financing activities and interest on loan received…

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

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: The process of payment of cash for expenditures is known as: O a. Disbursement O b. Expenditures O…

A: An expenditure is amounts used by a business, organization, or corporation to acquire new assets,…

Q: Which of the following are Cash Outflows from Operating Activities? Check All That Apply Purchase a…

A: The statement of cash flows records all the sources and uses of cash in the business during a…

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

A: Statement of cash flows: Cash flow statement is also known as statement of cash flows. It is a…

Q: What amount would be reported as the cash proceeds from the sale of equipment?

A: Carrying value of equipment sold = cost - accumulated depreciation of the equipment. =50,000 -…

Q: Where would you report resources and claims to those resources? A. In the statement of cash flows…

A: Financial statements are those statements which are prepared at the end of accounting period for the…

Q: Which one of the following is NOT an example of cash flows in operating activities according to…

A: Adjustments of non-cash incomes and expenses are not made in the operating activities according to…

Q: Which of the following is a means of using receivables to obtain immediate cash?  a. Factoring b.…

A: Solution: "All of the above"  are means of using receivables to obtain immediate cash.

Q: Th e sale of a building for cash would be classifi ed as what type of activity on the cash fl ow…

A: Cash flow statements are classified under 3 activities - operating, financing and investing.

Q: Which of the following statements about cash received prior to the recognition of revenue in the fi…

A: Cash received prior to the recognition of revenue in financial statement is prepaid income for which…

Q: Amortization of the cost of an intangible asset will most like affect which activity of the…

A: Amortization of an intangible asset does not result in any cash flow (receipt or payment).

Q: What category in the statement of cash flows is used when reporting cash spent on long-lived assets,…

A: Statement of cash flow : It consists of three activities which is operating activity, investing…

Q: Asset management includes: A. using money market instruments to cover liquidity B. using cash…

A: Asset management refers to a systematic approach

Q: Th e three major classifi cations of activities in a cash fl ow statement are: A . infl ows, outfl…

A: Solution:-   The three major classifications of activities in a cash flow statement are operating…

Q: Current assets under IFRS are listed generally: a.    by importance. b.    in the reverse order of…

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: Classify following cash flows as operating, investing, or financing activities. Cash paid for…

A: Statement of cash flows Statement of cash flow is a financial statement that shows the cash and cash…

Q: when does a company declare a cash devidends

A: Dividends are the considerations which are paid out of the profits by the entity for the amount…

Q: Which of the following is an example of a cash outflow from an investing activity? Multiple Choice…

A: Cash flow statement shows inflows or outflows of cash in the business organization which also shows…

Q: Selling equipment for cash is reported on the statement of cash flows undera. operating…

A: Cash flow statement is a statement which provides details of all cash inflows and outflows of the…

Q: Which item does  not appear on a statement of cash flows prepared by the indirect method? a.…

A: Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

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: Which of the following cash activities would be listed in the Investing Activities section of the…

A: The cash flow statement shows cash inflow & outflow of cash during the year. It has three…

Q: When a company purchases machines by issuing a long-term note payable for the entire amount, the…

A: Cash flow statement is a financial statement which is used to summarize the amount of cash inflows…

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

A: Cash Flow Statement:   It is a financial statement prepared by a company to report their cash…

Q: Which of the following is a cash outflow from operating activities? * O Payment for interest expense…

A: Cash flows from operating activities are a section of a company's cash flow statement that shows the…

Q: Th e sale of a building for cash would be classifi ed as what type of activity on the cash fl ow…

A: Cash Flow Statement(CFS) is a statement which shows inflows & outflows of cash in an accounting…

Q: Which of the following is reported under the Financing Activities in the Statement of Cash Flow? O…

A: Financing activity under cash flow statement involves finance related cash inflow and outflow such…

Q: Which of the following in accounts would be classified as current assets on the balance sheet? a.…

A: Assets Resources that a company owns and these resources can provide some future benefits to the…

Q: Under what section of the Statement of Cash Flows would you report the purchase of an long-term…

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: The purchase of new equipment with cash would appear on the statement of cash flows as a/an…

A: The statement of cash flows forms a part of financial statement. The statement of cash flows is the…

Q: The appropriate section in the statement of cash flows for reporting the purchase of land in…

A: A cash flow statement is prepared at the end of the accounting year by the management. It is…

Q: Indicate where the event purchased land and a building with a mortgage would appear, if at all, on…

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

Q: Which of the following will be reflected in the "Cash flows from operating activities" of a…

A: Cash flow from the operating activities refers to the inflows and outflows of the cash in the entity…

Q: How would the acquisition of a building be reported on a statement of cash flows if purchased by…

A: Cash flow statement:   It is a financial statement prepared by an organization to report the inflow…

Q: Which statement cash of flows shows the inflows and outflows from  sale and purchases of non current…

A: Introduction: Statement of cash flows: All cash in and out transactions are recorded in statement of…

Q: A company’s current fi nancial position would best be evaluated using the:C . statement of cash fl…

A: A company's current financial position would best be evaluated using balance sheet.

Q: Indicate where the purchase of land for cash would appear, if at all, on the indirect statement of…

A: Only operating activities section appearance will vary between direct and indirect method.