Page |1
OSU ACCTMIS 2200 Exam 2 Questions and
Correct Answers/ Latest Update / Already
Graded
Operating Activities
Ans: Cash effect of:
1 Revenues
2 Expenses
3 Interest Expense AND DIVIDENDS RECEIVED (revenue)
Investing Activities
Ans: Cash flows for:
1 P-P-E
2 Intangibles
3 Buying/ selling stock (investments)
Financing Activities
Ans: Received from or paid to stockholders/ creditors
Inflows:
Notes payable
1 received from loans
2 received from sale of common stock
All rights reserved © 2025/ 2026 |
, Page |2
Outflows:
1 PAID for dividends
2 cash paid as the principle repayment on loans (not with
interest)
How to calculate expenses payable
Ans: Beginning Balance + x expense - cash paid for x = End
Balance
Direct Method
Ans: List each specific cash flow
Indirect method
Ans: Net income
+ Depreciation Expense
+ Losses
- Gains
+ Decreases in assets
+ Decreases in liabilities
- Increases in Assets
- Increases in Liabilities
All rights reserved © 2025/ 2026 |
OSU ACCTMIS 2200 Exam 2 Questions and
Correct Answers/ Latest Update / Already
Graded
Operating Activities
Ans: Cash effect of:
1 Revenues
2 Expenses
3 Interest Expense AND DIVIDENDS RECEIVED (revenue)
Investing Activities
Ans: Cash flows for:
1 P-P-E
2 Intangibles
3 Buying/ selling stock (investments)
Financing Activities
Ans: Received from or paid to stockholders/ creditors
Inflows:
Notes payable
1 received from loans
2 received from sale of common stock
All rights reserved © 2025/ 2026 |
, Page |2
Outflows:
1 PAID for dividends
2 cash paid as the principle repayment on loans (not with
interest)
How to calculate expenses payable
Ans: Beginning Balance + x expense - cash paid for x = End
Balance
Direct Method
Ans: List each specific cash flow
Indirect method
Ans: Net income
+ Depreciation Expense
+ Losses
- Gains
+ Decreases in assets
+ Decreases in liabilities
- Increases in Assets
- Increases in Liabilities
All rights reserved © 2025/ 2026 |
