ACCOUNTING 211 Liberty University -ACCT-211 Exam 1 Questions & Answer

ACCOUNTING 211 Liberty University -ACCT-211 Exam 1 Questions & AnswerA statement of cash flows is generated to show - correct answer The inflow and outflow of cash during the time period Which of the following sections of the statement of cash flows is presented differently between the direct and indirect method? - correct answer Operating activities Which of the following is the typical order of the sections on a statement of cash flows? - correct answer Operating, Investing, financing The activities that are included in the financing activities section of the statement of cash flow are - correct answer Activities that involve stockholder's equity Which of the following activities are included in the investing section of the statement of cash flows? - correct answer Activities that increase or decrease long-term assets When preparing the statement of cash flows using the indirect method, depreciation expense is subtracted from net income under operating activities - correct answer False Which of the following is generally undesirable? - correct answer Decrease in days' sales in receivable Which of the following is not a part of a corporation's annual report? - correct answer Horizontal and vertical analysis Which of the following statements, regarding management's discussion and analysis (MD&A) part of the annual report is not correct? - correct answer Investors are not interested in the MD&A because it is written by the company and could present a biased view of the company's financial condition. (FALSE, People want this)