Questions from College Accounting

Q: Give two examples of cash outflows from investing activities.

Give two examples of cash outflows from investing activities.

Q: Give two examples of cash outflows from financing activities.

Give two examples of cash outflows from financing activities.

Q: Give two examples of cash inflows from financing activities.

Give two examples of cash inflows from financing activities.

Q: What are cash and cash equivalents?

What are cash and cash equivalents?

Q: Is an investment in a corporate bond maturing 180 days after the

Is an investment in a corporate bond maturing 180 days after the purchase date a cash equivalent? Explain.

Q: A corporation’s income statement shows a gain of $8,000

A corporation’s income statement shows a gain of $8,000 on the sale of plant and equipment. In computing the net cash provided by operating activities, how would this $8,000 be treated?

Q: How does managerial accounting differ from financial accounting?

How does managerial accounting differ from financial accounting?

Q: Why is interest expense not allocated to departments?

Why is interest expense not allocated to departments?

Q: Why does managerial accounting focus on the future?

Why does managerial accounting focus on the future?

Q: 1. How might a poor set of recording procedures affect the

1. How might a poor set of recording procedures affect the flow of information to management? 2. Why should management be concerned about the efficiency of a firm’s procedures for jo...