Question

6.   Which of the following is the proper sequencing of activities on the statement of cash...

6.   Which of the following is the proper sequencing of activities on the statement of cash flows?

a.

Operating, investing, and financing

b.

Operating, financing, and investing

c.

Investing, operating, and financing

d.

Investing, financing, and operating
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Answer #1

The correct option is A.

Operating section reports day to day cash flows where net income is adjusted to non cash revenues and expenses and also to changes in working capital(current assets and current liabilities).

Investing section reports cash inflows from sale of fixed assets,equipment and cash outflows from purchase of assets for the period etc.

Financing section reports cash flows from issuance of common stock;or cash outflows from purchase of treasury stock etc.

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