Statement of Cash Flows Tic-Tac-Toe
This game focuses on the Statement of Cash Flows. All information was derived from the Pearson textbook for Accounting 4A.
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Topics of this game:
- True or False: Indirect method of computing operating activities is similar to the accrual method of accounting.
- Which of the following is excluded from the statement of cash flows?
- True or False: Current assets and current liabilities are only affected by operating cash flows.
- Which of the following is NOT considered a financing activity?
- True or False: Long-term assets are related to financing cash flows.
- How many basic types of cash flows are there?
- Which of the following is NOT true about the statement of cash flows?
- True or False: The statement of cash flows is used to evaluate the performance of management.
- Which of the following is the second step in preparing the statement of cash flows?
- True or False: Depreciation affects the cash balance of a business during the period.
- Choose the activity that does not affect current assets or current liabilities.
- According to your text, which category of operating activities is considered the most important?
- True or False: Investing activities reports cash receipts and payments that increase or decrease long-term assets.
- True or False: The acquisition of a $400,000 property by issuing common stock is an investing activity.
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