Statement of Cash Flows exam questions with 100% correct answers

In which of the following areas does the financing activities section of a cash flow statement detail its activities that produce and use cash? Equity The cash flow statement shows which of the following items in detail? Cash inflows or outflows from investing activities __________ help(s) predict future cash flows. Past cash receipts Which of the following would be a cash outflow shown in the financing section? Payment of dividends Which of the following requires the statement of cash flows to be included in the financial statements of a company? Securities and Exchange Commission (SEC), if it is a publicly traded company Generally Accepted Accounting Principles (GAAP) A cash flow statement is a valuable tool for managing current cash flow, determining sources of cash for future needs, and __________. predicting future cash needs decision making Which of the following is one of the three parts of a cash flow statement? Financial activities The movement of cash for a specified accounting period is referred to as __________. outflows Which of the following is an area that many readers of the cash flow statement find the most important? Operations section Which of the following would be found in the financing activities? Payment of dividends Which of the following is the purpose of the cash flow statement? To enable management to have a grasp of sources and uses of cash A statement of cash flows reports on a business's __________. cash receipts Which of the following is an example of future cash expenditure? Future company expansion