Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

The Financial Statements

Financial Accounting

1. Introduction to Accounting

The Financial Statements

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Multiple Choice

Which of the following is typically included in operating cash flows on the statement of cash flows?

Cash received from issuing common stock

Cash received from customers for sales of goods or services

Cash paid to repay long-term debt

Cash paid to acquire new equipment

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Verified step by step guidance

Understand the concept of operating cash flows: Operating cash flows represent the cash generated or used by a company's core business operations, such as selling goods or providing services. It excludes cash flows related to investing or financing activities.

Review the options provided: Analyze each option to determine whether it relates to operating, investing, or financing activities. Operating cash flows typically include transactions directly related to the company's primary business activities.

Option 1: 'Cash received from issuing common stock' - This is a financing activity because it involves raising capital by issuing equity, not related to the company's core operations.

Option 2: 'Cash received from customers for sales of goods or services' - This is an operating activity because it directly relates to the company's primary business operations of selling goods or services.

Option 3: 'Cash paid to repay long-term debt' and Option 4: 'Cash paid to acquire new equipment' - Both are not operating activities. Repaying long-term debt is a financing activity, and acquiring new equipment is an investing activity.