|PA| Pre- Assessment| Actual Questions and
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, Matching Transfer
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2 of 223
Term
Which category on the statement of cash flows summarizes cash
receipts and payments to owners and creditors of the company?
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Cash flows from financing
Cash flows from sales activities
activities
Cash flows from investing activities Cash flows from operating activities
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Term
When assigning cost drivers to facility support activities, an
appropriate cost driver would be
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Per-unit Contribution Margin It is a government agency
No cost driver should be An increase in its comparability to
assigned other companies
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Term
What is known about the direct and indirect methods of preparing
statements of cash flow
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The indirect method is more
The indirect method is required by all
popular among large U.S.
U.S. companies
companies
, The direct method is more commonly The direct method is preferred by
used for Internal reporting small businesses
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Term
The grouped together and reported changes which companies
experience increases and decreases in equity each year because of
the movement of market prices or exchange rates
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Amounts Borrowed From Financial
Manufacturing Overhead Costs
Institutions
Accumulated Other
Accumulated Depreciation
Comprehensive Income
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