Question 1: Which types of business transactions would result in cash from operating activities? Give three examples of transactions that would be classified as cash flows from operating activities..
Question 2: Which types of business transactions would result in cash flows from investing activities? Give three examples of transactions that would be classified as cash flows from investing activities.
Question 3: Which types of business transactions would result in cash flows from financing activities? Give three examples of transactions that would be classified as cash flows from financing activities.
Question 4: How is depreciation expense treated when using the direct method of preparing the statement of cash flows?
Question 5: Which account(s) must be analyzed to determine the cash collected from customers? How is this cash flow classified?
Question 6: Which account(s) must be analyzed to determine the proceeds from the sale of a building? How is this cash flow classified?
Question 7: Which account(s) must be analyzed to determine the cash paid to vendors? How is this cash flow classified?
Question 8: Which account(s) must be analyzed to determine the cash paid for dividends? How is the cash flow classified?