True aacsb reflective thinking aicpa fn measurement

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TRUE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Remember Difficulty: 1 Easy Learning Objective: 21-03 Determine cash flows from operating activities by the direct method. Spiceland - Chapter 21 #2 Topic: Cash flows from operating activities-direct method
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3. Cash paid for taxes and interest must be disclosed on the face of the statement or in the disclosure notes under both the direct and indirect methods of reporting cash flows from operating activities. TRUE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Remember Difficulty: 2 Medium Learning Objective: 21-08 Prepare a statement of cash flows with the aid of a spreadsheet or T-accounts. Spiceland - Chapter 21 #3 Topic: Preparation of the statement of cash flows 4. Generally speaking, cash flows from operating activities include the elements of net income reported on a cash basis. TRUE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Difficulty: 2 Medium Learning Objective: 21-03 Determine cash flows from operating activities by the direct method. Spiceland - Chapter 21 #4 Topic: Cash flows from operating activities-direct method 5. A decrease in cash dividends payable means that dividends declared were less than dividends paid. TRUE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Difficulty: 2 Medium Learning Objective: 21-08 Prepare a statement of cash flows with the aid of a spreadsheet or T-accounts.
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Spiceland - Chapter 21 #5 Topic: Preparation of the statement of cash flows 6. The purchase of treasury stock is an investing cash outflow. FALSE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Difficulty: 1 Easy Learning Objective: 21-05 Identify transactions that are classified as investing activities. Spiceland - Chapter 21 #6 Topic: Cash flows from investing activities 7. Interest payments on debt are classified as cash outflows from financing activities. FALSE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Difficulty: 2 Medium Learning Objective: 21-06 Identify transactions that are classified as financing activities. Spiceland - Chapter 21 #7 Topic: Cash flows from financing activities 8. Transactions that represent noncash investing and financing activities must be reported in the statement of cash flows or in disclosure notes. TRUE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Remember Difficulty: 2 Medium Learning Objective: 21-07 Identify transactions that represent noncash investing and financing activities. Spiceland - Chapter 21 #8 Topic: Noncash investing and financing activities
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9. In using a spreadsheet to prepare the statement of cash flows, the summary entries duplicate the actual journal entries used to record the transactions during the year. TRUE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Understand Difficulty: 2 Medium Learning Objective: 21-08 Prepare a statement of cash flows with the aid of a spreadsheet or T-accounts.
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