What Amounts Will Siebens Report on Its 2013 Statement of Cash

question 64

Multiple Choice

What amounts will Siebens report on its 2013 statement of cash flows?

• A) An operating cash inflow of $1,600 and a cash inflow of $20,000 shown as an investing activity
• B) An operating cash inflow of $1,600 and a financing cash inflow of $20,000
• C) An investing activity cash inflow of $20,000 and a financing cash inflow of $1,600
• D) $21,600 cash inflow from financing activities

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An independent organization responsible for establishing and improving standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.

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The Securities and Exchange Commission, a U.S. government agency that oversees and regulates the securities markets to protect investors.

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FASB

The Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the United States.