Classify
Paid cash for inventory purchases
Operating outflow
What section includes cash from day-to-day business operations?
Operating
Why do we add depreciation/amortization back to net income?
It is a non-cash expense/ it impacts net income but not operating cash flows
What element has the chemical symbol “Fe”?
Iron
What film won Best Picture at the 2020 Academy Awards?
Mitosis
Purchased land for a new warehouse
Investing outflow
What section includes buying and selling long-term assets like land and equipment?
Investing
What happens to operating cash flow when accounts payable increases?
It increases cash flow
What is the name of the closest star to Earth?
Proxima Centauri (outside the Sun)
What is the longest winning streak in NBA history?
Lakers 33 Games
Issued bonds to investors for cash
Financing inflow
What section includes issuing stock, paying dividends, and borrowing money?
Financing
Why do we adjust net income at all in the indirect method?
To convert accrual-based income into cash-based income
What Olympic sport includes fencing, swimming, and running?
Modern pentathlon
What film won Best Picture at the 2020 Academy Awards?
Parasite
Sold old equipment for cash
Investing inflow
Which section is most closely tied to a company’s core business performance?
Operating
Why is a gain on sale of equipment subtracted in operating activities?
It is included in net income but not operating cash flow
What music genre originated in Jamaica?
Reggae
What band released the album “Abbey Road”?
The Beatles
Paid dividends to shareholders
Financing outflow
A company with strong investing outflows is usually doing what?
Expanding or growing the business
What happens to operating cash flow when accounts receivable increases?
It decreases cash flow
What movie features the quote “I’ll be back”?
The Terminator
What is the name of the school in “X-Men”?
Xavier’s School for Gifted Youngsters