Soal latihan
A1034 Akuntansi Menengah
Pertemuan 7 s/d 10
Exercise 1
The statement of cash flows classifies cash receipts and payments:
a. according to type of activity.
b. for a period of time.
c. is used as a forecasting tool.
d. all of these choices.
A type of transaction that is not reported as an operating activity is cash payments for:
a. trading securities.
2.
b. dividends.
c. taxes.
d. interest expense.
Investing activities include all of the following except cash receipts from:
a. the sale of trading securities.
3.
b. the collection of principal on loans.
c. sale of a business.
d. sale of plant assets.
4.
Financing activities include all of the following transactions and events except where cash is:
a. obtained by equity financing.
b. obtained by debt financing.
c. used to pay dividends.
d. used to pay interest expense.
The most popular method used in reporting the amount of net cash flow from operating
activities is the:
a. direct method.
5.
b. intrinsic method.
c. cash basis method.
d. indirect method.
If wages payable increased $100 for the year and wage expense was $10,000, the amount
of cash paid for wages is:
a. $10,000
6.
b. $10,100
c. $9,900
d. Not enough information to determine the correct amount.
If credit sales were $100,000, cash collected from customers totaled $120,000 and
beginning accounts receivable was $25,000; what was the ending balance in accounts
receivable?
7.
a. $0
b. $45,000
c. $5,000
d. Not enough information to determine.
Assume the following: Inventory increased $10,000, A/P decreased $20,000, and cash
payments to suppliers totaled $100,000. How much was cost of goods sold?
a. $80,000
8.
b. $90,000
c. $70,000
d. not enough information
In computing net cash flows from operating activities in a statement of cash flows,
depreciation expense is:
a. listed as a cash outflow under the direct method.
9.
not part of the calculation of net cash flow from operations when
b. using direct method.
c. deducted from net income under the indirect method.
d. Not part of the calculation using the indirect method.
Assume the following:
Equipment - increased $100,000
Accumulated Depreciation - Equipment - increased $20,000
In addition, during the period equipment was sold for $10,000. The equipment had originally
cost $30,000 and had a book value of $25,000 at the time it was sold. Determine the
10. amount of equipment purchased during the year.
a. $130,000
b. $70,000
c. $100,000
d. not enough information
Exercise 2
Cash flows from operations may be presented two ways, the direct method and the indirect
method.
True
False
Under the indirect method, an adjustment is made to net income for gains and losses
associated with investing or financing activities.
2.
True
False
Prior to 1987, companies presented a statement of changes in financial position that focused
strictly on cash flows.
3.
True
False
In a statement of cash flows, financing activities primarily are associated with long-term
liabilities.
4.
True
False
In computing net cash flow from financing activities, dividends paid are listed as a cash
outflow.
5.
True
False
6. Financing activities include transactions and events where-by cash is obtained from or
repaid to owners and creditors.
True
False
An example of a noncash investing and financing activity is the declaration of cash
dividends.
7.
True
False
A statement of cash flows explains the change during a period in cash and cash equivalents.
8.
True
False
A characteristic of a cash equivalent is that it will most likely be converted to cash in less
than a year.
9.
True
False
Reporting using the direct method tends to report a slightly larger amount of net cash flow
from operations as compared to the indirect method.
10.
True
False