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1.
The operating activities section of the statement of cash flow covers cash flows associated with _______.
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Production and sales. It concerns itself with the cash flows of making and selling the companys products or services.
2.
The statement of cash flow is divided into three sections. Which of the following is not one of those sections?
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Cash flows from common stock issued. Common stocks do not have their own section.
3.
Which of the following is not included in the statement of cash flow?
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Managing activities. The statement of cash flow does not include this.
4.
On a companys statement of cash flow, the sale of property is recorded as a ______.
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Cash inflow. It generates incoming cash.
5.
Financing activities include stock and bond investments.
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True. The financing section of the statement of cash flow records a companys investments.
6.
An income statement records only cash received.
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False. It records revenue even when the revenue has not been received.