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Accounting Skills Test (Cash Flow)
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Accounting Skills Test (Cash Flow)
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25 Questions

1. In 2007
2. Long-term investments sold for cash with a recognized gain would appear in which of the following sections of the cash flow statement?
3. When determining cash flow from operations
4. Dividends paid for the year would appear in which of the following sections of the cash flow statement?
5. A cash flow statement is typically prepared _____________________.
6. Salaries paid during the year would appear in which of the following sections of the cash flow statement?
7. Treasury stock sold for an amount greater than its repurchase price would appear in which of the following sections of the cash flow statement?
8. Equity income from an affiliate would be shown _____________________.
9. Preferred stock issued for cash would appear in which of the following sections of the cash flow statement?
10. When determining cash flow from operations
11. Depreciation recorded on equipment would appear in which of the following sections of the cash flow statement?
12. When preparing cash flow statements
13. In 2007
14. Cash paid for land would be shown as ________________.
15. Recording a depreciation expense will cause cash to ______________ .
16. During 2007
17. An amortization of a bond discount would be shown __________________.
18. Accounts receivable that increased during the year would appear in which of the following sections of the cash flow statement?
19. At the beginning and end of 2007
20. The most popular method of presenting cash from operations in a cash flow statement is the _________________.
21. Which of the following typically happens during the maturation phase of a product's life cycle?
22. The major components of a cash flow statement are ________________________.
23. Collecting receivables will cause cash to ______________ .
24. Which of the following would be shown in the investing section of a cash flow statement?
25. Accruing an income tax liability will cause cash to ______________ .