statement-of-cash-flows — Financial Accounting Practice Questions

39 free Financial Accounting questions on statement-of-cash-flows: 18 easy, 16 medium, and 5 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn statement-of-cash-flows from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

Drill statement-of-cash-flows free with full explanations →

1. A customer pays $200 to settle an outstanding Account Receiv… — How does this transaction affect the Statement
2. In the Operating section of the Cash Flow Statement (indirect method), how are these items handled?
3. What is the Cash Flow from Operations (CFO) using the indirect method?
4. A firm using the indirect method for the Statement of Cash Flows reports Net Income of $50,000. During the yea
5. Westwood Distribution reports Net Income of $6,574. If Depreciation Expense is $3,900 and Accounts Receivable
6. A firm sells equipment with an original cost of $90,000 and… — How is this transaction reported in the Stateme
7. Using the indirect method, what is the Net Cash from Operating Activities?
8. Under ASC 842, a lessee enters into a 3-year lease with annual payments of $50,000 due at the end of each year
9. An entity enters into a 5-year lease for equipment with annual payments of $40,000 due at the end of each year
10. When preparing the operating section of the Statement of Cash Flows using the direct method, where is this tra
11. A tech firm pays its software engineers a total of $50,000 in cash for their monthly salaries. Identify the co
12. A company pays $3,500 in cash for a shipment of office stati… — How is this reported using the direct method?
13. A firm receives $25,000 in cash from a bank after signing a… — How is this reported in the direct-method opera
14. Under U.S. GAAP, how should a company classify a $5,000 cash payment for interest on a long-term note in the S
15. Which of the following describes the correct articulation between the Income Statement and the Statement of Ca
16. An analyst notices that a company's 'Accounts Receivable' balance increased by 8,000 during the year. In the S
17. What is the Net Cash Provided by Operating Activities (CFO)?
18. Using the indirect method, what is the Cash Flow from Operations (CFO)?
19. What is the resulting CFO?
20. Assuming a 25% tax rate, what is the net impact of the write-down on Operating Cash Flow (CFO) under the indir
21. What is the Net Cash Provided by Operating Activities using the indirect method?
22. Under US GAAP, where does 'Interest Paid' typically appear on the Statement of Cash Flows?
23. Which concept describes the change in equity during a period from all transactions except those resulting from
24. When a company repays the principal amount of a bank loan, how is the cash outflow classified?
25. A firm makes a $50,000 cash payment to acquire a 40% interest in a joint venture. This is classified as:
26. A firm has an increase in Accounts Payable of $8,000. Under the indirect method, this is:
27. Proceeds from the sale of a building would be classified as:
28. In the investor's Statement of Cash Flows (indirect method), how is this transaction typically handled in the
29. If Accounts Payable increased by $20,000 and Accrued Expenses decreased by $10,000, what is the Cash Flow from
30. During the year, Zenith Inc. issued bonds at a discount. The… — How is this $5,000 difference handled in the o