5) Which of the following is the correct matching concerning an investor's influence on the operations and financial affairs of an investee? % of Investor Ownership Presumed Influence a. Less than 20% Short-term b. Between 20%-50% Significant c. More than 50% Long-term d. Between 20%-50% Controlling 6) The statement of cash flows a. must be prepared on a daily basis. b. summarizes the operating, financing, and investing activities of an entity. c. is another name for the income statement. d. is a special section of the income statement. 7) The primary purpose of the statement of cash flows is to a provide information about the investing and financing activities during a period. b. prove that revenues exceed expenses if there is a net income. c. provide information about the cash receipts and cash payments during a period. d. facilitate banking relationships. 8) If a company reports a net loss, it a. may still have a net increase in cash. b. will not be able to pay cash dividends c. will not be able to get a loan. d. will not be able to make capital expenditures. 9) The statement of cash flows will not report the a. amount of checks outstanding at the end of the period. b. sources of cash in the current period. c. uses of cash in the current period. d. change in the cash balance for the current period