16. The statement of cash flows reports cash flows from financing activities followed by cash flows from investing and operating activities. The result of adding the net cash flows from operating, investing, and financing activities is the ending cash balance for the period. Cash at the beginning of the year is added to determine the cash at the end of the period; this ending cash amount need not agree with cash reported on the end-of-period balance sheet.

A. True

B.False:The statement of cash flows reports cash flows from operating activities followed by cash flows from investing and financing activities.

C. False: The result of adding the net cash flows from operating, investing, and financing activities is the net increase or decrease in cash for the period.

D. False: Cash at the beginning of the year is added to determine the cash at the end of the period; this ending cash amount must agree with cash reported on the end-of-period balance sheet.

E. B, C, and D