Financial Accounting > QUESTIONS & ANSWERS > University of Washington, Tacoma ACCT 625ACCT 625 Ch10 TB ACCT 625 Ch10 TB . (All)
University of Washington, Tacoma ACCT 625ACCT 625 Ch10 TB ACCT 625 Ch10 TB .
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CHAPTER 10 MULTIPLE CHOICE 1. Which of the following is not a purpose of the statement of cash flows? a. To show cash flow from operations. b. To show cash flow from financing activities. c. To s... how cash flow from investing activities. d. To show all investing and financing transactions. e. To show operating expenses for a period of time. ANS: E 2. Which of the following is not a typical cash flow under operating activities? a. cash inflows from sale of goods or services b. cash inflows from interest c. cash outflows to employees d. cash outflows to suppliers e. cash inflows from sale of property, plant, and equipment ANS: E 3. Which of the following is not a typical cash flow under investing activities? a. cash inflow from receipt of loans b. cash inflow from sale of property, plant, and equipment c. cash outflow for payment of amounts borrowed d. cash outflow for loans to other entities e. cash outflow for purchase of property, plant, and equipment ANS: C 4. Which of the following is not a typical cash flow under financing activities? a. cash inflow from sale of equity securities b. cash inflow from sale of bonds c. cash outflow for payment of dividends d. cash outflow for loans to other entities e. cash outflow for payment of amounts borrowed ANS: D 5. Working capital is defined as: a. total assets less intangible assets b. current assets divided by current liabilities c. current assets less current liabilities d. total assets less current assets e. current assets less liabilities ANS: C 6. Amortization of patents can be added to income in the operations section of the statement of cash flows because: a. it is not a tax deductible expense b. it results in a cash inflow c. it does not require the outlay of cash d. patent amortization is not an expense e. it represents an inflow of cash ANS: C [Show More]
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