Reference no: EM132787224

Problem 1: Which of the following is NOT a question that can be answered with the cash flow statement?

Select one:

a. How much cash did the business spend or receive in investing activities for the accounting period?

b. How much inventory does the business have on hand at the end of the accounting period after cash purchases?

c. What was the cash movement for the accounting period?

d. What is the balance of cash at the reporting period end (as recorded in the Balance Sheet)?

e. How much cash was provided or used by the business' operating activities for the accounting period?

Problem 2: The material cost flow accounting (MCFA) system allows a business to:

Select one:

a. have real-time information about how much inventory is available for sale.

b. trace input materials that flow through production processes, and measure the output of those production processes in terms of finished product and waste.

c. report social indicators to stakeholders via the GRI.

d. value its inventory more accurately.

e. match costs more accurately with inventory flows.