31. Which of the following statements regarding the Statement of Cash Flows is FALSE?

a. Only transactions that affect cash would appear in the body of the statement.

b. Non cash transactions are required to be shown in a separate area.

c. It will reflect the results of the company's operations for a period of time.

d. The total of the three sections should equal the total change in cash for the period.

32. All of the following items are used in preparing the Statement of Cash Flows EXCEPT:

a. Comparative balance sheets

b. Current year income statement

c. Additional Information

d. Comparative Income Statements

34. Of the three category different categories in the Statement of Cash Flows, which one is the best indicator that the company can survive over a long term period of time?

a. cash flows from financing activities

b. cash flows from investing activities

c. cash flows from operating activities

d. It will change every year depending on the current economic conditions