1. Like the income statement, the statement of cash flows covers a period of time. 2. The issuance of long-term debt results in a cash outflow as reported in the financing section. 3. Cash flows from financing activities includes the payment of interest on a note payable. 4. The purchase of treasury stock would be considered a financing activity. 5. The indirect method of determining cash from operations is most often used as this method produces larger positive cash flows. 6. Both the direct and indirect methods yield the same cash flow from operations. 7. A company sells an available for sale security with a current book value of $10,000 and realizes a loss of $4,000. Thus, the company must have received $6,000