Cash Flows
Quiz by Roz Norgaard-Sim
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11 questions
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- Q1The 3 categories of cash flows are?Investing, Financing and OperatingExpenses, Revenue, and CapitalInternal, Financing, OutsourcingInflows, Financing, and Outflows30sEditDelete
- Q2Investing activities are those activities whichinvolve the flow of cash related to providing goods or serviceinvolve cash flows from the owner or financial institutionsinvolve the purchase or sale of assets and investments30sEditDelete
- Q3Cash earned from sales to customers is classified and reported asOperating activityFinancing activityInvesting activity30sEditDelete
- Q4Cash spent on purchasing a new vehicle would be classified asInvesting activityFinancing activityOperating activity30sEditDelete
- Q5Cash received from a tenant paying their rent is classified asFinancing activityInvesting activityOperating activity30sEditDelete
- Q6Cash received from ANZ Bank would be classified and reported asFinancing activityInvesting activityOperating activity30sEditDelete
- Q7Cash deposited into a term deposit account would be classified and reported asInvesting activityOperating activityFinancing activity30sEditDelete
- Q8Cash paid to the Australian Taxation Office (ATO) would be classified and reported asFinancing activityOperating activityInvesting activity30sEditDelete
- Q9Cash INFLOWS can be described asrevenue accounts onlymoney spent by the business paying othersexpense accounts onlymoney received by the business30sEditDelete
- Q10Cash OUTFLOWS can be described asexpense accounts onlymoney spent by the business paying othersrevenue accounts onlymoney received by the business from others30sEditDelete
- Q11A cash SURPLUS occurs as the result ofhaving greater OUTFLOWS than INFLOWShaving greater INFLOWS than OUTFLOWSexpenses exceeding revenuerevenue exceeding expenses30sEditDelete