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ACC 206 ACC206 Week 1 PowerPoint Quiz Chapter 1 with Answers

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ACC 206 Week 1 PowerPoint Quiz Chapter 1

Question 1. 1. The Operating Activities section of the statement of cash flows is similar to a cash basis income statement. (Points : 1)

Question 2. 2. Investing activities on the statement of cash flows only consist of securities the firm has purchased as a temporary place to hold excess cash. (Points : 1)

Question 3. 3. Financing activities on the statement of cash flows would include payment of dividends to investors. (Points : 1)

Question 4. 4. The statement of cash flows is a compilation of all operating, investing, and financing activities that cause a change in cash. (Points : 1)

Question 5. 5. Noncash investing and financing activities would not be reported on a statement of cash flows. (Points : 1)

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