Question 6
The statement of cash flows
Question 7
Generally, the most important category on the statement of cash flows
is cash flows from
Question 8
Assume that the Quinn Corporation uses the indirect method to depict
cash flows. Indicate where, if at all, interest paid on note would be
classified on the statement of cash flows.
Question 9
Which of the following transactions does not affect cash during a
period?
Question 10
Zoum Corporation had the following transactions during 2014:
1 - Issued $125,000 of par value common stock for cash.
2 - Recorded and paid wages expense of $60,000.
3 - Acquired land by issuing common stock of par value $50,000.
4 - Declared and paid a cash dividend of $10,000.
5 - Sold a long-term investment (cost $3,000) for cash of $3,000.
6 - Recorded cash sales of $400,000.
7 - Bought inventory for cash of $160,000.
8 - Acquired an investment in Zynga stock for cash of $21,000.
9 - Converted bonds payable to common stock in the amount of
$500,000.
10 - Repaid a 6 year note payable in the amount of $220,000.
What is the net cash provided by financing activities?
Question 11