Multiple Choice
Which of the following best describes the financing activities section of the statement of cash flows?
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13. Statement of Cash Flows
Financing Activities
Back13. Statement of Cash Flows
Financing Activities
- Multiple ChoiceWhich of the following would be classified as a financing activity on the statement of cash flows?122views
- Multiple ChoiceWhich of the following best describes what financing activities involve on the statement of cash flows?94views
- Multiple ChoiceFinancing activities do not include cash outflows to:84views
- Multiple ChoiceWhich of the following best describes the classification of the purchase of treasury stock on the statement of cash flows?77views
- Multiple ChoiceWhich of the following items would NOT be classified as a financing activity on the statement of cash flows?86views
- Multiple ChoiceEach of the following are classified as a financing activity except:73views
- Multiple Choice
Which of the following is a cash flow from financing activities?
309views3rank - Multiple Choice
The exchange of land worth \$110,000 for 50,000 shares of common stock in the company would be an:
228views3rank - Open Question
Turkey Company is preparing its Statement of Cash Flows and gathered the following information:
1. Since the previous year:the cash account increased by \$35,000, land increased by \$40,000, Equipment decreased by \$15,000, Accumulated Depreciation – Equipment increased by \$6,000, Retained Earnings increased by \$340,000, and Bonds Payable increased by \$100,000,
2. Depreciation expense for Equipment totaled \$16,000.
3. Equipment with a purchase price of \$15,000 was sold for a \$2,000 gain.
4. Turkey loaned \$24,000 to Potatoes Company signing a long-term note receivable.
5. Net income was \$420,000.
6. Turkey issued 100,000 shares of \$5 par value common stock. The additional paid-in capital from this transaction was \$300,000.
What is Turkey Company's net cash flow from financing activities?
131views4rank