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Question 12 2 pts When the classification of items in the financial statement is changed, the entity A. Must not reclassify the comparative amounts. B. Can choose whether to reclassify the comparative amounts. C. Must reclassify the comparative amounts unless it is impracticable to do so. D. Must reclassify the current year amounts only. Question 13 2 pts Statement of cash flows is primarily created for A. To provide relevant information about cash receipts and cash payments of an entity during a period. In the statement of cash flows, interest received, and dividend received may be reclassified alternatively as cash flow from A. Operating activities B. Investing activities C. Financing activities D. No alternative presentation Question 15 2 pts An item/s not part of the cash flows from financing activities is (are) A. Proceeds from sale of the company's ordinary shares. B. Proceeds from issuing bonds, mortgages, and notes C. Proceeds from other short-term or long-term borrowings