| | | A) | The section for investing activities reports cash inflows/outflows for capital expenditures, security investments, company acquisitions, and intangible assets. | |
| | | B) | The sum of operating cash flows, investing cash flows, and financing cash flows, for the period will represent the total assets for the company on the reporting date. | |
| | | C) | The section for financing activities reports cash inflows/outflows for debt activity, share issuance/buy-backs, and dividends. | |
| | | D) | Supplemental information reports the exchange of significant items that did not involve cash and reports the amount of income taxes and interest paid. | |
| | | E) | The section for operating cash flows removes non-operating items from net income and converts the items reported on the income statement from the accrual basis of accounting to cash. Which of the following is false with respect to the Statement of Cash Flows? Question 34 options: | | | A) | Cash outflows from investing activities typically revolve around spending for capex and the payment of debt. | | | | | B) | Investing activities include expenditures for property, plant and equipment (capex), expenditures for intangible assets, and cash flows from security investment activities. | | | | | C) | Financing activities include fund flows related to stock issuances, debt, share repurchases, and dividend payments. | | | | | D) | Share repurchases and dividend payments will create cash outflows for financing activities. | Why are economic moats advantageous? Question 36 options: | | | A) | They help make sure a company's CEO isn't too shallow. | | | | | B) | Economic moats represent short-term initiatives which provide limited advantages for the company. | | | | | C) | They allow a company to generate profits and keep competitors at bay. | | | | | D) | They help a company improve its brand. | Which of the following metrics will not be part of a firm's historical income statements as presented in Form 10-K? Question 37 options: Which is true when reading financial statements? Question 44 options: | | | A) | Statement of Shareholders' Equity amounts represent cash balances at the end of the reporting period. | | | | | B) | Income Statement amounts represent revenue and expense changes from the prior period. | | | | | C) | Balance Sheet amounts represent asset, liability and owner equity changes for the reporting period. | | | | | D) | Statement of Cash Flows amounts represent cash inflows and outflows for the current reporting period. | | | | | |
