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ACCT 3314 - Statement of Cash Flows Classifications
SCF Classification Quiz #1 - ACCT 3314 - Ch 21 (Spiceland)
56
Accounting
04/24/2012

Additional Accounting Flashcards

 


 

Cards

Term

 

 

 

Sale of inventory on account

Definition

 

 

 

 

Not reported

Item would not appear on a statement of cash flows

Term

 

 

 

Collection on accounts receivable

Definition

 

 

 

Operating

 

Cash flow from Operating Activities

 

Increase (+)

Term

 

 

Purchase of inventory

(or other items)

on account

 

Definition

 

 

 

Not Reported

 

Item would not appear on a statement of cash flows

Term

 

 

 

Payment on accounts payable

Definition

 

 

Operating

 

Cash flow from operating activities

 

Decrease ( - ) 

 

 

 

 

Term

 

 

 

Purchase of PP&E for cash

Definition

 

 

Investing

 

Cash flow from Investing activities

 

Decrease ( - )

Term

 

 

 

Purchase of intangible assets for cash

Definition

 

 

 

Investing

 

Cash flow from Investing Activities

 

Decrease ( - )

Term



Sale of PP&E for cash
Definition


Investing

Cash flow from Investing activities

Increase ( + )
Term



Sale of Intangible Assets for cash
Definition


Incesting

Cash flow from Investing activities

Increase ( + )
Term


Making loans to other companies
Definition


Investing

Cash flow from Investing activities

Decrease ( - )
Term


Collection of principal on note receivable
Definition


Investing

Cash flow from Investing activities

Increase ( + )
Term



Paymentof oeprating expenses
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term



Receipt of revenue in advance
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term


Purchase of Held-To-Maturity Securities
Definition



Investing

Cash flow from Investing activities

Decrease ( - )
Term


Collection of interest (HTM)
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term


Collection of principal (HTM)
Definition


Investing

Cash flow from Investing activities

Increase ( + )
Term



Purchase of Available-For-Sale Securities
Definition


Investing

Cash flow from Investing activities

Decrease ( - )
Term


Collection of
interest & dividends
(AFS)
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term



Unrealized Gain (AFS)
Definition


Not reported

Item would not appear on a statement of cash flows
Term



Unrealized Loss (AFS)
Definition


Not reported

Item would not appear on a statement of cash flows
Term



Collection of principal (AFS)
Definition


Investing

Cash flow from Investing activities

Increase (+)
Term



Sale of securities (AFS)
Definition


Investing

Cash flow from Investing activities

Increase (+)
Term


Collection of
interest & dividends
(AFS)
Definition


Operating

Cash flow from Operating activities

Increase (+)
Term


Purchase of investment giving significant influence
Definition


Investing

Cash flow from Investing activities

Decrease ( - )
Term


Receipt of Dividedns - Equity Method
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term



Sign note payable for cash
Definition


Financing

Cash flow from Financing activities

Increase ( + )
Term


Sign note payable to purchase noncash asset
Definition


Non-Cash

Shedule of Significant Noncash Transactions
Term



Pay interest on note payable
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term


Repay principal of note payable
Definition


Financing

Cash flow from Financing activities

Decrease ( - )
Term


Receipt of cash in advance
(unearned revenue)
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term



Payment of estimated liabilities (warranties)
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term



Issuance of bonds/notes payable for cash
Definition


Financing

Cash flow from Financing activities

Increase ( + )
Term


Issuance of bonds/notes payable for cash
Definition


Financing

Cash flow from Financing activities

Increase ( + )
Term



Issuance of bonds/notes payable for PP&E
Definition


Non-Cash

Schedule of Significant Noncash Transactions
Term


Payment of interst on bonds/notes payable
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term


Repayment of principal of bonds/notes payable
Definition


Financing

Cash flow from Financing activities

Decrease ( - )
Term


Conversion of Bonds Payable into Stock
Definition


Non-Cash

Schedule of Significant Noncash Activities
Term


Receipt of lease payment - operating - lessor
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term


Payment of lease payment - operating - lessee
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term


Receiving principal payments on direct financing lease
Definition


Investing

Cash flow from Investing activities

Increase ( + )
Term



Receiving payments on sales type lease
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term


Paying principal payments on capital lease - lessee
Definition


Financing

Cash flow from Financing activities

Decrease ( - )
Term


Receiving interest payments on direct financing lease
Definition


Operating

Cash flow from Operating activities

Increase ( + )
Term


Paying interest payments on capital lease
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term



Signing capital lease
Definition


Non-Cash

Schedule of Significant Noncash Transactions
Term


Payment of income taxes for period
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term


Making contribution to pension plan
Definition


Operating

Cash flow from Operating activities

Decrease ( - )
Term



Change in PSC
Definition


Not reported

Item would not appear on a statement of cash flows
Term



Change in Net Gain/Loss - Pension
Definition


Not reported

Item would not appear on a statement of cash flows
Term


Change in Pension Asset/Liability
Definition


Not reported

Item would not appear on a statement of cash flows
Term



Issue stock for cash
Definition


Financing

Cash flow from Financing activities

Increase ( + )
Term



Issue stock for noncash assets (PP&E)
Definition


Non-Cash

Schedule of Significant Noncash Transactions
Term



Declare cash dividend
Definition


Not reported

Item would not be reported on a statement of cash flows
Term



Pay cash dividend
Definition


Financing

Cash flow from Financing activities

Decrease ( - )
Term


Issue stock dividend
Definition


Not Reported

Item would not be reported on a statement of cash flows
Term


Buy treasure stock or stock to be retired
Definition


Financing

Cash flow from Financing activities

Decrease ( - )
Term



Reissue treasury stock for cash
Definition


Financing

Cash flow from Financing activities

Increase ( + )