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Statement of Cash Flows (SOCF)

Professor Leticia Togba, CPA
ACCT 2302 - Principles of Managerial Acctng
Ch. 12 (3E) and Ch. 13 (2E)
Across
Step #5 to prepare the SOCF is complete the _________ Activities section.
The _________ _________ is the third basic financial statement.
You need these three things to _________ the SOCF: (1) Comparative Balance Sheets, (2) Current Income Statement, and (3) Additional Information.
The ________ Method is the preferred method of FASB to prepare the SOCF.
Step #2 to prepare the SOCF is to add O, I, F, SNIF, N/A __________ to the Income Statement, Comparative Balance Sheets, and Additional Info section.
Assets and Cash have an ___________ relationship.
Step #1 to Prepare the SOCF: ________ the Change Increases and Decreases on Comparative Balance Sheet, Income Statement, and Additional Info section.
The Statement of ____________ _____________ is the second basic financial statement.
________, Creditors, and other external parties are the main users of the SOCF.
The SOCF has four ____________ that transactions are broken out into (O-IF + SNIF).
The _________ Method is the more commonly used method to prepare the SOCF.
Liabilities and Cash move in the _______ direction; when a liability increases, cash increases and vice versa.
Step #6 to prepare the SOCF is complete the SNIF Activities section and ensure that the ______ change in cash on the SOCF = Cash amount on the Balance Sheet.
Down
The ________ __________ is the first basic financial statement.
The Statement of ________ _______ is the fourth basic financial statement.
The acronym for the Income Statement items that are subtracted from the Operating Activities section of the SOCF (Gains, Deferred Tax Asset, Premium on Bonds).
The acronym for the Income Statement items that are added to the Operating Activities section of the SOCF (Losses, Amortization, Depreciation, Depletion, Discount on Bonds, Deferred Tax Liability).
The _______ of the SOCF is to report (1) cash receipts, (2) cash payments, and (3) net change in cash for a company's operating, investing, and financing activities.
Step #4 to prepare the SOCF is complete the _________ Activities section.
An acronym for the Significant Noncash Investing and Financing Activities section of the SOCF.
Investing activities stem from the cash effects of Long-Term Assets, Property, Plant, and Equipment, and _________.
Financing activities stem from cash effects related to Long-Term Liabilities, Common Stock, and the payment of _____________.
Step #3 to prepare the SOCF is complete the _________ Activities section.
There are two __________ to prepare the SOCF: (1) Indirect ________ and (2) Direct _________.
Operating Activities stem from the cash effects of ________ assets, _________ liabilities, and certain income statement transactions.