All of the following statements apply to the statement of cash flows covering a given period. If a statement applies only to the direct format, write D in the space allowed. If a statement applies only to the indirect format, write I in the space allowed. If a statement applies to both formats, write B in the space allowed.
____________ a. The amount of cash received from customers is listed.
____________ b. A purpose of the statement is to reconcile the amount of cash generated by operating activities to the amount of net income generated by operating activities.
____________ c. The amount by which cash receipts from customers differed from sales is reported.
____________ d. Certain revenues and expenses that did not generate or consume cash are listed.
____________ e. The amount of net income is listed on the face of the statement.
____________ f. The amount of cash paid to suppliers of inventory is included.
____________ g. The amount of cash paid for taxes is reported.
____________ h. The amount of cash raised from selling bonds to investors is listed on the face of the statement.
____________ i. The purpose of the statement is to reveal the amount of cash received from or paid out for specific operating activities.
____________ j. The amount of cash paid to acquire land and buildings is included.