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ACC 206 ACC206 Week 1 Quiz Chapter 1 with Answers

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ACC 206 Principles of Accounting II ACC 206 Week 1 Quiz Chapter 1 Answers

Question 1. 1. The objective of the statement of cash flows is___________________________. (Points : 1)

Question 2. 2. Cash flow from operating activities includes______________________________. (Points : 1)

Question 3. 3. Cash flow from investing activities includes______________________________. (Points : 1)

Question 4. 4. Cash flow from financing activities includes______________________________. (Points : 1)

Question 5. 5. Noncash investing and financing activities_______________________________. (Points : 1)

Question 6. 6. Cash received from customers________________________________________. (Points : 1)

Question 7. 7. When calculating cash paid for inventory________________________________. (Points : 1)

Question 8. 8. Depreciation________________________________________________________. (Points : 1)

Question 9. 9. When deciding whether to use the direct or the indirect method of preparing the statement of cash flows___________________________________________________________. (Points : 1)

Question 10. 10. When preparing a statement of cash flows a worksheet______________________. (Points : 1)

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