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Homework answers / question archive / 1)Which of the following statements garding a statement of cash flow is false The most common the used by most companies to reporting the deathed Opening ved det tactions and other related to the campo Os reconciliation of brandending chances Otheless coman's forestal ning 2)A deficit is O the deficiency when capital stock is issued for less than par negative retained earnings O appropriated retained earnings an excess of liabilities over assets

1)Which of the following statements garding a statement of cash flow is false The most common the used by most companies to reporting the deathed Opening ved det tactions and other related to the campo Os reconciliation of brandending chances Otheless coman's forestal ning 2)A deficit is O the deficiency when capital stock is issued for less than par negative retained earnings O appropriated retained earnings an excess of liabilities over assets

Accounting

1)Which of the following statements garding a statement of cash flow is false The most common the used by most companies to reporting the deathed Opening ved det tactions and other related to the campo Os reconciliation of brandending chances Otheless coman's forestal ning

2)A deficit is O the deficiency when capital stock is issued for less than par negative retained earnings O appropriated retained earnings an excess of liabilities over assets

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1)

Answer: a. The most common method used by most companies for reporting operating activities is the direct method

Explanation:

1.Most of the companies follow accrual accounting and it is simple to prepare cashflow statement from income statement, However FASB recommends direct method.

2. Hence, most of the companies follow Indirect method in presenting the operating cash flows.

2)d) an excess of liabilities over assets

The deficiency when capital stock is issued less than par is known as impaired capital .
Negative retained earnings are known as accumulated deficit .
Option c is irrelevant.

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