C213 Accounting for Decision Makers-3 WGU Exam
Questions & Answers with Correct Solutions 2023.
The statement of cash flows provides information that is not readily
apparent by looking at just the balance sheet and the income
statement. T/F - Exact Answer True
Cash flows are partitioned into what three categories? - Exact Answer
operating, investing, and financing.
In normal circumstances, a company has positive cash from operations
and negative cash from investing activities. T/F - Exact Answer True
Knowledge of how the three primary financial statements tie together
allows one to forecast how interactions among management decisions
might affect a company's future financial position. T/F - Exact Answer
True
When a company files for Chapter 11 bankruptcy, the courts allow the
company to cease making interest payments on its old debts. - Exact
Answer True
,C213 Accounting for Decision Makers-3 WGU Exam
Questions & Answers with Correct Solutions 2023.
Statement of Cash Flows - Exact Answer The financial statement that
summarizes a company's cash receipts and cash payments during the
period from operating, investing, and financing activities.
Operating Activities - Exact Answer Things the company does routinely
every day, the reason the company is in business.
Investing Activities - Exact Answer Expanding the productive capacity of
the business
Financing Activities - Exact Answer Getting the cash for new expansion
and distributing cash to those who have provided financing in the past.
Why was the statement of cash flows created? - Exact Answer It puts
everything on one page. Is a forecasting tool.
Pro Forma - Exact Answer A prediction of what the actual cash flow
statement will look like in future years if the operating, investing, and
financing plans are implemented.
, C213 Accounting for Decision Makers-3 WGU Exam
Questions & Answers with Correct Solutions 2023.
A forcasted statement of cash flows imposes practical
__________________ ____________________ on exciting
entrepreneurial plans for the future. - Exact Answer numerical
discipline
The statement of cash flows replaces the
* Balance sheet
* Statement of financial position
* Income statement
* None of these - Exact Answer None of these
The statement of cash flows
* Provides a connecting link between two consecutive income
statements
* Is intended primarily to provide necessary information for assessing
the profitability of an entity
* Summarizes all cash inflows and outflows of an entity for a given
period of time
Questions & Answers with Correct Solutions 2023.
The statement of cash flows provides information that is not readily
apparent by looking at just the balance sheet and the income
statement. T/F - Exact Answer True
Cash flows are partitioned into what three categories? - Exact Answer
operating, investing, and financing.
In normal circumstances, a company has positive cash from operations
and negative cash from investing activities. T/F - Exact Answer True
Knowledge of how the three primary financial statements tie together
allows one to forecast how interactions among management decisions
might affect a company's future financial position. T/F - Exact Answer
True
When a company files for Chapter 11 bankruptcy, the courts allow the
company to cease making interest payments on its old debts. - Exact
Answer True
,C213 Accounting for Decision Makers-3 WGU Exam
Questions & Answers with Correct Solutions 2023.
Statement of Cash Flows - Exact Answer The financial statement that
summarizes a company's cash receipts and cash payments during the
period from operating, investing, and financing activities.
Operating Activities - Exact Answer Things the company does routinely
every day, the reason the company is in business.
Investing Activities - Exact Answer Expanding the productive capacity of
the business
Financing Activities - Exact Answer Getting the cash for new expansion
and distributing cash to those who have provided financing in the past.
Why was the statement of cash flows created? - Exact Answer It puts
everything on one page. Is a forecasting tool.
Pro Forma - Exact Answer A prediction of what the actual cash flow
statement will look like in future years if the operating, investing, and
financing plans are implemented.
, C213 Accounting for Decision Makers-3 WGU Exam
Questions & Answers with Correct Solutions 2023.
A forcasted statement of cash flows imposes practical
__________________ ____________________ on exciting
entrepreneurial plans for the future. - Exact Answer numerical
discipline
The statement of cash flows replaces the
* Balance sheet
* Statement of financial position
* Income statement
* None of these - Exact Answer None of these
The statement of cash flows
* Provides a connecting link between two consecutive income
statements
* Is intended primarily to provide necessary information for assessing
the profitability of an entity
* Summarizes all cash inflows and outflows of an entity for a given
period of time
