20. The primary purpose of the statement of cash flows is to provide information about a company's cash receipts and cash payments during an accounting period. a. True b. False 21. Noncash investing and financing activities must be reported in the body of a statement of cash flows. a. True b. False 22. Which one of the following items is not generally used in preparing a statement of cash flows? a. Adjusted trial balance. b. Comparative balance sheets. c. Current income statement. d. Additional information. 23. The category that is generally considered to be the best measure of a company's ability to continue as a going concern is a. cash flows from operating activities. b. cash flows from investing activities. c. cash flows from financing activities. d. usually different from year to year. 24. Assume that the Zahler Corporation uses the indirect method to depict cash flows. Indicate where, if at all, treasury stock purchased with cash would be classified on the statement of cash flows. a. Operating activities section. b. Investing activities section. c. Financing activities section. d. Does not represent a cash flow 25. Anjali Shah Company had credit sales of $1,600,000. The beginning accounts receivable balance was $165,000 and the ending accounts receivable balance was $280,000. Reporting cash flows from operating activities, what were the cash collections from customers during the period? a. $1,815,000. b. $1,600,000. c. $1,485,000. d. $1,765,000