Cash Flow Statement Quiz
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Preview questions
1. What is the primary purpose of a Cash Flow Statement?
To show profit and loss · To provide information about cash inflows and outflows · To record assets and liabilities · To summarize financial position
2. Which of the following is NOT a category in the Cash Flow Statement?
Operating Activities · Investing Activities · Financing Activities · Administrative Activities
3. Cash flows from operating activities include cash received from:
Sale of fixed assets · Issuing shares · Goods sold to customers · Borrowing from banks
4. Which method is used to prepare the Cash Flow Statement?
Direct method only · Indirect method only · Both direct and indirect methods · Only cash basis accounting
5. What does the indirect method start with in preparing the Cash Flow Statement?
Net income · Cash balance · Total revenue · Operating expenses
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