ACC 311 Quiz 4 - ACC 311 Name KEY 9:30 and 11:00 Quiz #4...

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ACC 311 Name KEY Quiz #4 (Atiase, Fall 2010) Class Time: 9:30 and 11:00 classes Part A Indicate whether each of the following statements is True or False (14 points) 1. The statement of cash flows identifies the sources and uses of cash for a defined period of time. True 2. The following represents the correct sequence of disclosures in the statement of cash flows: cash flows from operating activities, cash flows from financing activities, cash flows from investing activities, net increase/decrease in cash, beginning cash, ending cash, supplemental schedule of non cash investing and financing activities. False 3. Changes in accounts receivable, merchandise inventory, prepaid accounts and property plant and equipment are reflected in the cash flow from operating activities section of the statement of cash flows. False 4. Interest paid is classified as cash flow from financing activities. False 5. Proceeds from the issue of stock are classified as cash flows from investing activities. False
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This note was uploaded on 06/07/2011 for the course ACC 311 taught by Professor Charrier during the Fall '08 term at University of Texas.

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ACC 311 Quiz 4 - ACC 311 Name KEY 9:30 and 11:00 Quiz #4...

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