10 fast Questions
1.Miracle Company purchased treasury stock with a cost of $15,000 during 2012. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2012 total (Points : 2) $846,000 net cash inflow.
$861,000 net cash inflow.
$866,000 net cash outflow.
$831,000 net cash inflow.
cash receipts from operating activities.
cash payments from investing activities.
the net change in cash.
must be prepared on a daily basis.
summarizes the operating, financing, and investing activities of an entity.
is another name for the income statement.
is a special section of the income statement.
conversion of bonds into common stock.
exchanges of plant assets.
issuance of debt to purchase assets.
Operating activities section
Investing activities section
Financing activities section
Does not represent a cash flow
entity’s ability to generate future income.
entity’s ability to pay dividends.
reasons for the difference between net income and net cash provided by operating activities.
cash investing and financing transactions during the period.
significant noncash activities.
cash flows from operating activities.
cash flows from investing activities.
cash flows from financing activities.
usually different from year to year.