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 would NOT be included on a cash flow statement?

Depreciation expense

Cash paid to suppliers

Cash received from customers

Dividends declared but not yet paid

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Verified step by step guidance

Understand the purpose of the cash flow statement: It is a financial report that shows the inflows and outflows of cash within a business during a specific period. It categorizes cash flows into operating, investing, and financing activities.

Review the items listed in the problem: Depreciation expense, cash paid to suppliers, cash received from customers, and dividends declared but not yet paid.

Analyze each item: Depreciation expense is a non-cash item and is included in the cash flow statement under operating activities as an adjustment to net income. Cash paid to suppliers and cash received from customers are direct cash transactions and are included under operating activities.

Consider dividends declared but not yet paid: Dividends declared but not yet paid represent a liability and are not a cash transaction. Since the cash flow statement only includes actual cash inflows and outflows, this item would NOT be included.

Conclude that dividends declared but not yet paid are excluded from the cash flow statement because they do not involve the movement of cash during the reporting period.