Chapter 15 “How Well Am I Doing?”--Statement of Cash Flows 100% c0rrect answers

Chapter 15 “How Well Am I Doing?”--Statement of Cash FlowsMultiple Choice Questions 16.Which of the following would be considered a “use” of cash for purposes of constructing a statement of cash flows?A)a decrease in accounts receivable.B)an increase in accounts payable.C)an increase in common stock.D)a decrease in bonds payable.Ans: D AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting LO: 1 Level: Medium 17.Which of the following would be considered a “source” of cash for purposes of constructing a statement of cash flows?A)an increase in accounts payable.B)dividends paid to the company's own shareholders.C)a decrease in accrued liabilities.D)an increase in accounts receivable.Ans: A AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting LO: 1 Level: Medium 18.Evita Corporation prepares its statement of cash flows using the indirect method. Evita's statement showed “Net cash provided