1. ACCOUNTING JEOPARDY
ACCOUNTING REVIEW
DOCSEDA

2. SCF
Basic
Concepts
SCF
Classifications
SCF
Adjustments
SCF
Indirect
SCF
Direct
100
100
100
100
100
200
200
200
200
200
300
300
300
300
300
400
400
400
400
400
500
500
500
500
500

3. SCF Basic Concepts 100
Major aim of Statement of Cash Flow (SCF) is to explain change in this account.
A: What is Cash?
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4. A: What are Direct and Indirect Methods?
SCF Basic Concepts 200
These are the two major methods of preparing a Statement of Cash Flow (SCF).
A: What are Direct and Indirect Methods?
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5. A: What are Operating, Investing, and Financing Activities?
SCF Basic Concepts 300
These are three major types of activities that are analyzed in a Statement of Cash Flow.
A: What are Operating, Investing, and Financing Activities?
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6. SCF Basic Concepts 400
Major aim of Operating Activities Section of SCF is to convert this financial statement item from accrual to cash basis.
A: What is Net Income?
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7. SCF Basic Concepts 500
This section of Statement of Cash Flows has nothing to do with cash transactions.
A: What is Schedule of significant Non-cash investing and financing activities or transactions?
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8. SCF Classifications 100
The cash purchase of equipment would be classified as this type of activity in a Statement of Cash Flow (SCF).
A: What is Investing Activity?
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9. SCF Classifications 200
The issuance of stock for cash would be classified as this type of activity in a Statement of Cash Flow (SCF).
A: What is Financing Activity?
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10. A: What is Financing Activity?
SCF Classifications 300
The payment of dividends would be classified as this type of activity in a Statement of Cash Flow (SCF).
A: What is Financing Activity?
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11. SCF Classifications 400
The sale of land by a Real Estate Company would be classified as this type of activity in a Statement of Cash Flow (SCF).
A: What is Operating Activity?
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12. SCF Classifications 500
The conversion of debt to common stock would be classified as this type of activity in a Statement of Cash Flow (SCF).
A: What is a significant Non-cash Financing activity?
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13. A: What is Addition to Net Income?
SCF Adjustments 100
Under SCF Indirect method, Depreciation Expense is shown as this type of adjustment to net income in computation of net cash flow from operating activities.
A: What is Addition to Net Income?
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14. A: What is Deduction to Net Income?
SCF Adjustments 200
Under SCF Indirect method, an increase in Accounts Receivable is shown as this type of adjustment to net income in computation of net cash flow from operating activities.
A: What is Deduction to Net Income?
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15. A: What is Addition to Net Income?
SCF Adjustments 300
Under SCF Indirect method, an increase in Accounts Payable is shown as this type of adjustment to net income in computation of net cash flow from operating activities.
A: What is Addition to Net Income?
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16. A: What is Deduction to Net Income?
SCF Adjustments 400
Under SCF Indirect method, a decrease in Income Tax Payable is shown as this type of adjustment to net income in computation of net cash flow from operating activities.
A: What is Deduction to Net Income?
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17. A: What is Addition to Net Income?
SCF Adjustments 500
Under SCF Indirect method, Loss on Sale of Equipment is shown as this type of adjustment to net income in computation of net cash flow from operating activities.
A: What is Addition to Net Income?
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18. SCF Indirect 100 A: What is $40 [60(Bonds)-20(Div)]?
Based on information below, this amount represents net cash inflow (outflow) from financing activities to be shown on related SCF.
A: What is $40 [60(Bonds)-20(Div)]?
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19. SCF Indirect 200
Based on information below, this amount represents net cash inflow (outflow) from investing activities to be shown on related SCF.
A: What is ($84) [15(Inv)+42(Equip)-126(Equip)-15(Inv)]?
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20. SCF Indirect 300 A: What is $15 [12(Dep)+15(Loss)-12(Gain)]?
Based on information below, this amount represents net adjustment to net income from Income Statement section only to be shown on related SCF.
A: What is $15 [12(Dep)+15(Loss)-12(Gain)]?
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21. SCF Indirect 400
Based on info below, this amount represents net adjustment to net income from Current Asset & Current Liability section to be shown on related SCF.
A:What is ($17)[-9(AR)-12(Inv)+2(PP)-3(AP)+3(Liab) +2(ITP)]?
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22. SCF Indirect 500
Based on information below, this amount represents net cash inflow (outflow) from operating activities to be shown on related SCF.
A: What is $55 [57+12(Dep)-12(Gain)+15(Loss)-9(AR)-12 (Inv)+2(PP)-3(AP)+3(Liab)-2(ITP)]?
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23. SCF Direct 100 A: What is $441 [450-9(AR)]?
Based on information below, this amount represents cash receipts from sales to be shown on related SCF.
A: What is $441 [450-9(AR)]?
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24. SCF Direct 200 A: What is $12 [6(Int)+6(Div)]?
Based on information below, this amount represents cash receipts from interest and dividend income to be shown on related SCF.
A: What is $12 [6(Int)+6(Div)]?
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25. SCF Direct 300 A: What is $128 [90-12(Dep)-3(Liab)-2(PP)] ?
Based on information below, this amount represents cash payments for operating expenses and other interest expense to be shown on related SCF.
A: What is $128 [90-12(Dep)-3(Liab)-2(PP)] ?
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26. SCF Direct 400 A: What is $28 [30-2(ITP)]?
Based on information below, this amount represents cash payments for income taxes to be shown on related SCF.
A: What is $28 [30-2(ITP)]?
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27. SCF Direct 500 A: What is $243 [ 228+12(Inv)+3(AP)]?
Based on information below, this amount represents cash payments for inventory purchases to be shown on related SCF.
A: What is $243 [ (Inv)+3(AP)]?
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