E5-6 All of the following statements apply to the statement of cashfolws coverin

Question

E5-6 All of the following statements apply to the statement of cashfolws covering a given period. If a statement applies only tothe direct format, write D in the space allowed. If astatement applies only to the indirect format, write I in the spaceallowed. If a statement applies to bothe formats, write B inthe space allowed. ________A. The amount of cash received from a customer islisted. ________B. A purpose of the statement is to reconcilethe amount of cash generated by operating activities to the amountof net income generated by operating activities. ________C. The amount by which cash receipts fromcustomers differed from sales is reported. ________D. Certain revenues and expenses that did notgenerate or consume cash are listed. ________E. The amount of net income is listed on theface of the statement. ________F. The amount of cash paid to suppliers ofinventory is included. ________G. The amount of cash paid for taxes isreported. ________H. The amount of cash raised form selling bondsto investors is listed on the face of the statement. ________I. The purpose of the statement is to reveal theamount of cash received from or paid out for specific operatingactivities. ________J. The amount of cash paid to acquire land andbuildings is included. E5-6 All of the following statements apply to the statement of cashfolws covering a given period. If a statement applies only tothe direct format, write D in the space allowed. If astatement applies only to the indirect format, write I in the spaceallowed. If a statement applies to bothe formats, write B inthe space allowed. ________A. The amount of cash received from a customer islisted. ________B. A purpose of the statement is to reconcilethe amount of cash generated by operating activities to the amountof net income generated by operating activities. ________C. The amount by which cash receipts fromcustomers differed from sales is reported. ________D. Certain revenues and expenses that did notgenerate or consume cash are listed. ________E. The amount of net income is listed on theface of the statement. ________F. The amount of cash paid to suppliers ofinventory is included. ________G. The amount of cash paid for taxes isreported. ________H. The amount of cash raised form selling bondsto investors is listed on the face of the statement. ________I. The purpose of the statement is to reveal theamount of cash received from or paid out for specific operatingactivities. ________J. The amount of cash paid to acquire land andbuildings is included.

Explanation / Answer

A D B I C I D I E I F D G D H B I B J B

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