Aacsb reflective thinking aicpa fn measurement blooms

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AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Remember Difficulty: 2 Medium Learning Objective: 21-05 Identify transactions that are classified as investing activities. Spiceland - Chapter 21 #150 Topic: Cash flows from investing activities 151. What activities are included in the statement of cash flows under the section titled "Cash flows from financing activities"? Cash flows from financing activities include the issuance and repurchase of stock, the issuance and repayment of bonds and notes, and the payment of cash dividends. AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Remember Difficulty: 2 Medium Learning Objective: 21-06 Identify transactions that are classified as financing activities. Spiceland - Chapter 21 #151 Topic: Cash flows from financing activities
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152. The sale of stock and the sale of bonds are reported as financing activities. Are payments of dividends to shareholders and payments of interest to bondholders also reported as financing activities? Explain. The payment of cash dividends to shareholders is classified as a financing activity, but paying interest to creditors is classified as an operating activity. This is because "cash flows from operating activities" should reflect the cash effects of items that enter into the determination of net income. Interest expense is a determinant of net income. A dividend, on the other hand, is a distribution of net income and not an expense. AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Remember Difficulty: 2 Medium Learning Objective: 21-06 Identify transactions that are classified as financing activities. Spiceland - Chapter 21 #152 Topic: Cash flows from financing activities
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153. Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction. AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Spiceland - Chapter 21 #153
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154. Listed below are reporting classifications for a statement of cash flows using the indirect method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction. AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Spiceland - Chapter 21 #154
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155. Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction.
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