$15-$ The statement of cash flows is:

a$.$ A financial statement that lists the types and amounts of the revenues and

expenses of a business for an accounting period.

b$.$ A financial statement that lists the types and amounts of assets, liabilities, and

equity of a business on a specific date.

c$.$ A financial statement that reports the cash inflows and cash outflows for an

accounting period, and that classifies those cash flows as operating activities,

investing activities, or financing activities.

d$.$ Another name for the statement of financial position.

e$.$ A financial statement that presents information about changes in equity during a

period.

$16-$ Internal users of the statement of cash flows often use cash flow information to

plan dayto$-$day operating activities and make long$-$term investment.

True or false

$17-$ Financing activities include $($a$)$ the purchase and sale of long$-$term assets, $($b$)$ the

purchase and sale of short$-$term investments, and $($c$)$ lending and collecting on loans.

True or false

$18-$ Investing activities include $($a$)$ the purchase and sale of long$-$term assets, $($b$)$ the

purchase and sale of short$-$term investments, and $($c$)$ lending and collecting on loans.

True or false