Cash Flow Statement Test

Result

Cash Flow Statement Test - 1

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Question 1
1 / -0

Rent Received is classified under:

A
Investing Activities

B
Cash and Cash Equivalents

C
Operating Activities

D
Financing Activities

Solution

Explanation:

Rent received is classified under investing activities. It should be added while calculating cash flow from investing activities.
Question 2
1 / -0

Proposed Dividend is classified under:

A
Reserves and Surplus

B
Short term borrowings

C
Long term provisions

D
Non – current Liabilities

Solution

Explanation:

Proposed dividend is classified under short term borrowings in the Balance Sheet of a company.
Question 3
1 / -0

Computer Software is classified under:

A
Fixed tangible Assets

B
Fixed Intangible Assets

C
Current Liabilities

D
Long term borrowings

Solution

Explanation:

Computer software is an intangible asset for a company which is shown under Non Current Assets sub head fixed intangible assets.
Question 4
1 / -0

Provision for doubtful debts will appear under:

A
Reserves and Surplus

B
Other Current Assets

C
Long – term Provisions

D
Short – term Provisions

Solution

Explanation:

While preparing companies balance sheet trade receivables are shown without deducting the provision for doubtful debts and it is shown in the liabilities side under Current Liabilities and Sub Head short term provisions.
Question 5
1 / -0

Loose Tools are shown under:

A
short-term loans and advances

B
Trade Receivables

C
Inventories

D
Other Current Assets

Solution

Explanation:

Loose tools are shown under the heading Current assets and sub heading Inventories in Assets side.
Question 6
1 / -0

Deferred Tax Liabilities are shown under:

A
Non – current Liabilities

B
Reserves and Surplus

C
Shareholders’ Funds

D
Current Liabilities

Solution

Explanation:

Deferred Tax liabilities are shown under the heading Non-current Liabilities. In case Accounting Income is more than the Taxable Income, it results in Deferred Tax Liability.
Question 7
1 / -0

Refund of income tax is the part of __________.

A
Both Investing Activities and Financing Activities

B
Investing Activities

C
Operating Activities

D
Financing Activities

Solution

Explanation:

Refund of income tax is the part of operating activities in Cash Flow Statement. Income tax paid (net of tax refund) is shown as an Operating activity separately.
Question 8
1 / -0

Sale of machinery is concerned with_________.

A
Both Operating Activities and Financing Activities

B
Investing Activities

C
Financing Activities

D
Operating Activities

Solution

Explanation:

Sale of machinery is concerned with investing activities. It will be added to investing activities as proceeds from sale of machinery as cash received.
Question 9
1 / -0

Redemption of preference Shares is concerned directly with ______.

A
Operating Activities

B
Financing Activities

C
Investing Activities

D
Not concerned with any activity

Solution

Explanation:

Redemption of preference shares is concerned with financing activities. It will be deducted in financing activities as cash used in redemption of prefrence share.
Question 10
1 / -0

Dividend Received is concerned with_________.

A
Operating Activities

B
Both Operating Activities and Financing Activities

C
Financing Activities

D
Investing Activities

Solution

Explanation:

Dividend Received is concerned with investing activities. A firm will received dividend only if it has invested in the shares of some other company and income received on their Investment as Dividend.

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Cash Flow Statement Test - 1

Result

Cash Flow Statement Test - 1

Score

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Rank

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SHARING IS CARING

Question 1

Investing Activities

Cash and Cash Equivalents

Operating Activities

Financing Activities

Solution

Question 2

Reserves and Surplus

Short term borrowings

Long term provisions

Non – current Liabilities

Solution

Question 3

Fixed tangible Assets

Fixed Intangible Assets

Current Liabilities

Long term borrowings

Solution

Question 4

Reserves and Surplus

Other Current Assets

Long – term Provisions

Short – term Provisions

Solution

Question 5

short-term loans and advances

Trade Receivables

Inventories

Other Current Assets

Solution

Question 6

Non – current Liabilities

Reserves and Surplus

Shareholders’ Funds

Current Liabilities

Solution

Question 7

Both Investing Activities and Financing Activities

Investing Activities

Operating Activities

Financing Activities

Solution

Question 8

Both Operating Activities and Financing Activities

Investing Activities

Financing Activities

Operating Activities

Solution

Question 9

Operating Activities

Financing Activities

Investing Activities

Not concerned with any activity

Solution

Question 10

Operating Activities

Both Operating Activities and Financing Activities

Financing Activities

Investing Activities

Solution

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