Reference no: EM132555206

Question 1. All the following activities are explicitly reported on the statement of cash flows, except

a. operating activities.

b. investing activities.

c. financing activities.

d. marketing activities.

Question 2. Activities that create long-term liabilities are usually

a. operating activities.

b. investing activities.

c. financing activities.

d. non-cash investing and financing activities.

Question 3. Activities affecting long-term assets are

a. operating activities.

b. investing activities.

c. financing activities.

d. marketing activities.

Question 4. Hilltop Company borrowed $50,000, paid dividends of $12,000, issued 2,000 shares for $30 per share, purchased land for $24,000, and received dividends of $6,000. Net income was $80,000 and depreciation for the year totalled $5,000. How much should be reported as net cash provided by financing activities?

a. $85,000

b. $98,000

c. $110,000

d. $104,000

Question 5. Activities that obtain the cash needed to launch and sustain a company are

a. income activities.

b. investing activities.

c. financing activities.

d. marketing activities.

Question 6. The exchange of shares for land would be reported as

a. exchanges are not reported on the statement of cash flows.

b. non-cash investing and financing activities.

c. investing activities.

d. financing activities