FST - Cash Flow Statements QuESTIONS AND ANSWERS

FST - Cash Flow Statements QuizFST - Cash Flow Statements Quiz Match the event to its impact on the Cash Flow Statement. ANS: Interest on a loan - A: Operating - Payment for Total Operating Expenses Principal payment on a loan - A: Financing - repayment of longterm debt Owner takes a profit share - A: Financing - Owner withdrawal Owner contributes a desk from home - A: No Impact Purchase of a company car - A: Investing - Purchase of PPE Based on the figures below, create a Cash Flow Statement, use this blank Cash Flow Statement form Actions to help you. ANS: Ending Cash Balance: 300,000 Net Cash Flow from Investing Activities: 70,000 Net Cash Flow from Operating Activities: 324,500 Net Change in Cash Balance for the Current Year: 274,500 Based on the scenario below and this Income Statement Actions , create a Cash Flow Statement using the Cash Flow Statement form Actions to help you. Identify pertinent information and use it to fill in numbers on the cash flow statement below. Please round all figures to whole dollars. You may need to use scratch paper. Based on the given Wally's Widgets scenario and the Cash Flow Statement you already created, fill in the numbers below. DO NOT use the dollar sign, numbers only and no decimals. Make sure to include parenthesis when necessary. ANS: 1,806 0 (354) 163 0 0 (126) (1,000) 489 0 (650) (650) 2,000 0 0 2,000 1,839 0 1,839