1.The statement of cash flows is
notone of the basic financial statements.
a.True
b.False
2.Cash, as the term is used for the statement of cash flows, could indicate either cash or cash equivalents.
a.True
b.False
3.The statement of cash flows is an optional financial statement.
a.True
b.False
5.The statement of cash flows reports a firm's major sources of cash receipts and major uses of cash for a period oftime.
a.True
b.False
6.Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enterinto the determination of net income.
a.True
b.False
7.To arrive at cash flows from operations, it is necessary to convert the income statement from an accrual basis tothe cash basis of accounting.
a.True
b.False
8.Cash flows from investing activities, as part of the statement of cash flows, would include any receipts from thesale of land.
a.True
b.False
9.Cash flows from financing activities, as part of the statement of cash flows, would include any payments fordividends.
a.True
b.False
10.Cash flows from investing activities, as part of the statement of cash flows, would include any payments for thepurchase of treasury stock.
a.True
b.False