ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The statement of cash flows reports a firm's major sources of cash receipts and major uses of cash for a period of time. True False True ANSWER: Easy DIFFICULTY: Remembering ACCT.WARD.16.16-01 - 16-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income. True False True ANSWER: Easy DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.16-01 - 16-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic To arrive at cash flows from operations, it is necessary to convert the income statement from an accrual basis to the cash basis of accounting. True False True ANSWER: Easy DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.16-01 - 16-01 LEARNING OBJECTIVES: - Statement of Cash Flows ACCREDITING STANDARDS: - Measurement BUSPROG: Analytic Cash flows from investing activities, as part of the statement of cash flows, would include any receipts from the sale of land. True False
ACCREDITING STANDARDS: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The statement of cash flows reports a firm's major sources of cash receipts and major uses of cash for a period of time. True False ANSWER: True DIFFICULTY: Easy Remembering LEARNING OBJECTIVES: ACCT.WARD.16.16-01 - 16-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income. True False ANSWER: True DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.16-01 - 16-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.24 - Statement of Cash Flows ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic To arrive at cash flows from operations, it is necessary to convert the income statement from an accrual basis to the cash basis of accounting. True False ANSWER: True DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.16-01 - 16-01 ACCREDITING STANDARDS: - Statement of Cash Flows - Measurement BUSPROG: Analytic Cash flows from investing activities, as part of the statement of cash flows, would include any receipts from the sale of land. True False