1) Which of the following is true of the statement of cash flows? A) It indicates when long-term debt will mature. B) It reports on the qualitative behavior of the company's performance. C) It covers a span of time and is dated the same as the income statement. D) It shows how the profits or losses of the company were generated. 2) One of the purposes of the statement of cash flows is to A) determine the operating income of a business B) calculate inventory turnover C) evaluate the level of debt and leverage of a company D) predict the ability of a company to pay debts and dividends 3) The contribution of equipment by a stockholder in exchange for common stock is an example A) investing activity B) financing activity C) operating activity D) non-cash investing and financing activity 4) The activities that are included in the operating activities section of the statement of cash flows are A) activities that involve stockholders' equity B) activities that create revenue or expenses C) activities that increase or decrease long-term assets D) activities that pertain to construction of new facilities 5) Which of the following is the typical order of the sections on a statement of cash flows? A) operating financing, investing B) financing, investing, operating C) investing, operating, financing D) operating investing, financing