Deck10

Question 1

Which Payments get Disclosed but are not in the body of Operating Income for the Indirect Method on the Statement of Cash Flows?

Answer 1

Income Taxes Paid, Dividends Paid, and Interest Paid

Question 2

Without information about write offs of “Allowance for Uncollectable Accounts” you should (a) Write the Accounts off (b) Don’t write the accounts off

Answer 2

(b) Don’t write the accounts off

Question 3

“Amortization” of Bond Discount, effects the Cash Flow Statement the same way as “__________” under the indirect method.

Answer 3

Depreciation

Question 4

Which Cash Flow Activity do interest and dividends belong to?

Answer 4

Operating