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Multiple Choice Quiz
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1
The statement of cash flow categorizes changes in cash as follows:
A)Cash flows from operating activities and investing activities.
B)Cash flows from financing activities.
C)Cash flows from selling activities.
D)Both a and b
E)All of the above.
2
Departmental gross profits for Bellwether Garden Supply for the period ending March 31, 2007 include the following:
A)Aviary - 59.47%
B)Books - 67.62%
C)Equipment - 59.86%
D)All of the above.
E)None of the above.
3
The financial statement that shows the financial position of a business as of a specific date is known as a/an:
A)Income Statement.
B)Statement of Cash Flow.
C)Statement of Retained Earnings.
D)Balance Sheet.
E)Consolidated Income Statement.





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