Analyzing Statements of Cash Flows I (Katas)

21 questions
Question 1 of 21

If income tax expense is USD 22 and income tax payable increases by USD 5, cash paid for income taxes is closest to:

Question 2 of 21

If salary and wages expense is USD 30 and salary and wages payable decrease by USD 4, cash paid to employees is closest to:

Question 3 of 21

If purchases from suppliers are USD 55 and accounts payable decrease by USD 3, cash paid to suppliers is closest to:

Question 4 of 21

If other operating expenses are USD 25, prepaid expenses increase by USD 3, and other accrued liabilities decrease by USD 2, cash paid for other operating expenses is closest to:

Question 5 of 21

If salary and wages expense is USD 40 and salary and wages payable increase by USD 2, cash paid to employees is closest to:

Question 6 of 21

If cost of goods sold is USD 60 and inventory increases by USD 9, purchases from suppliers are closest to:

Question 7 of 21

If the book value of equipment sold is USD 6 and the gain on sale is USD 2, cash received from the sale is closest to:

Question 8 of 21

If revenue is USD 70 and accounts receivable decrease by USD 5, cash received from customers is closest to:

Question 9 of 21

If cost of goods sold is USD 80 and inventory decreases by USD 6, purchases from suppliers are closest to:

Question 10 of 21

If interest expense is USD 18 and interest payable decreases by USD 2, cash paid for interest is closest to:

Question 11 of 21

Under the indirect method, which item is most accurately added back to net income when computing operating cash flow?

Question 12 of 21

If beginning retained earnings are USD 50, net income is USD 12, and ending retained earnings are USD 55, dividends paid are closest to:

Question 13 of 21

If beginning accumulated depreciation is USD 40, depreciation expense is USD 9, and ending accumulated depreciation is USD 45, accumulated depreciation on equipment sold is closest to:

Question 14 of 21

If the book value of equipment sold is USD 5 and the loss on sale is USD 2, cash received from the sale is closest to:

Question 15 of 21

Which formula most accurately gives ending accounts receivable?

Question 16 of 21

If beginning equipment is USD 100, equipment purchased is USD 20, and ending equipment is USD 112, the historical cost of equipment sold is closest to:

Question 17 of 21

Which formula most accurately links beginning cash and ending cash for a period?

Question 18 of 21

If the historical cost of equipment sold is USD 10 and accumulated depreciation on that equipment is USD 3, the book value is closest to:

Question 19 of 21

If purchases from suppliers are USD 90 and accounts payable increase by USD 4, cash paid to suppliers is closest to:

Question 20 of 21

Under the indirect method, an increase in a current operating liability is most accurately treated as a:

Question 21 of 21

If revenue is USD 100 and accounts receivable increase by USD 8, cash received from customers is closest to: