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52.Which of the following is not one of the four basic financial statements?
A.balance sheet
B.statement of cash flows
C.statement of changes in financial position
D.income statement
53.Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flows?
A.cash
B.cash and money market funds
C.cash and cash equivalents
D.cash and U.S. treasury bonds
54.Which of the following can be found on the statement of cash flows?
A.cash flows from operating activities
B.total assets
C.total changes in stockholders' equity
D.changes in retained earnings
55.On the statement of cash flows, the cash flows from operating activities section would include
A.receipts from the issuance of capital stock
B.receipts from the sale of investments
C.payments for the acquisition of investments
D.cash receipts from sales activities
56.Preferred stock issued in exchange for land would be reported in the statement of cash flows in
A.the cash flows from financing activities section
B.the cash flows from investing activities section
C.a separate schedule
D.the cash flows from operating activities section
57.Cash paid to purchase long-term investments would be reported in the statement of cash flows in
A.the cash flows from operating activities section
B.the cash flows from financing activities section
C.the cash flows from investing activities section
D.a separate schedule
58.Which of the following would not be found in a Schedule of Noncash Investing and Financing Activities, reported at the end of a Statement of Cash Flows?
A.equipment acquired in exchange for a note payable
B.bonds payable exchanged for capital stock
C.purchase of treasury stock
D.capital stock issued to acquire fixed assets
59.Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash?
A.purchase of noncurrent assets
B.purchase of treasury stock
C.discarding an asset that had been fully depreciated
D.payment of cash dividends
60.Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows?
A.retirement of bond payable
B.acquisition of treasury stock
C.declaration of stock dividends
D.issuance of long-term debt
61.A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under
A.investing activities
B.financing activities
C.noncash investing and financing activities
D.operating activities
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