31) Each cash flow reported in the statement of cash flows relates to operating, investing, or financing activities. 32) The statement of cash flows explains the details of the change in the cash...

31) Each cash flow reported in the statement of cash flows relates to operating, investing, or financing activities.

32) The statement of cash flows explains the details of the change in the cash balance during an accounting period.

33) A statement of cash flows is a detailed plan of a company’s estimated cash receipts and estimated cash payments.

34) A cash budget is a detailed plan of a company’s estimated cash receipts and estimated cash disbursements.

35) Only companies seeking loans from a bank need to prepare a cash budget.

36) Managers use a cash budget to anticipate any future cash shortages.

37) Cash from operating activities includes all cash receipts and cash disbursements for routine sales and purchases made in the course of doing business.