The Statement of Cash Flows Reports All of the Following

question 103

Multiple Choice

The statement of cash flows reports all of the following except:

• A) Cash flows from operating activities.
• B) Cash flows from investing activities.
• C) Cash flows from financing activities.
• D) The net increase or decrease in assets for the period reported.
• E) The net increase or decrease in cash for the period reported.

---

Definitions:

Manufacturing Overhead

All indirect costs related to the manufacturing process, including costs for utilities, rent, and maintenance of equipment, that are not directly traceable to a product.

Work in Process

Inventory consisting of goods that are in the production process but not yet complete.

Journal Entries

The records of financial transactions in a company, used to transfer information to the general ledger.

Schedule of Cost

A detailed report listing the different types of costs incurred by a company over a specific period, often categorized by direct, indirect, fixed, and variable costs.