Reading 30: Financial Reporting Mechanics - LOS a ～ Q1-2 financing, following, included, likely, white

mayanfang1

Q1. Which of the following items would least likely be included in cash flow from financing?

A)   Dividends paid to shareholders.

B)   Purchase of treasury stock.

C)   Gain on sale of stock of a subsidiary.

Q2. Which of the following is NOT a category on the statement of cash flows? Cash flow from:

A)     sales.

B)     financing.

C)     operations.

mayanfang1

答案和详解如下：

Q1. Which of the following items would least likely be included in cash flow from financing?

A)   Dividends paid to shareholders.

B)   Purchase of treasury stock.

C)   Gain on sale of stock of a subsidiary.

Correct answer is C)

Gains or losses will be found in cash flow from investments.

Q2. Which of the following is NOT a category on the statement of cash flows? Cash flow from:

A)     sales.

B)     financing.

C)     operations.

Correct answer is A)

There are only three types of cash flows: financing, investing, and operating.

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