Chapter 16 9. A business's cash receipes and cash payments for a specific period are reported on) A) income statement B) balance sheet C) statement of cash flows D) cash reconciliation statement 10. Which of the following is TRUE of the statement of cash flows? A) lt indicates when long-term debe 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 profis or lowes of the company were generated 11. The statement of cash flows helps users A) predict future et income B) evaluate management decisions C) evaluate the company's earnings per share D) predict the growth of a company's 12. One of the purposes of the statement of cash flows is to A) determine the operating income of a business B) to calculate inventory tumover C) evaluate the level of debt and leverage of a company D) predict the ability of a company to pay debts and dividends 13. Which of the following statements accurately describes the statement of cash flows? A) It shows the relative peoportion of debt and assets B) It is the link between the accrual-based income statement and the cash reported on the balance C) e indicates when long-term debt will mature. D) It is the link between net income and carings per share. Sheet 14. Which of the following describes the operating activities section of the statement of cash flows? A) lt reports cash receipts and cash payments that increase or decrease long-term assets. C) It reports on activities that create revenue or expenses for the entity's business D) lt reports on how cash flows affect the total assets and total liabilities 15. Which of the following describes the financing activities section of the statement of cash flows? A) It includes increases and decreases in long-term asses B) It includes cash inflows and outllows related to long-term liabilities and equity. C) It includes interest and divided income and cash payments for interest expense. D) lt reports on activities that create revenue or expenses for the entity's business 16. The purchase of equipment financed by a long-term noees payable is an example of A) investing activity B) financing activity C) operating activity D) no-cash investing and financing activity 17. The contribution of equipment by a stockholder in exchange for common stock is an example of A) investing activity B) financing activity C) operating activity D) no-cash investing and financing activity 18. The section of the statement of cash flows includes increases and decreases in long-term A) investing activities B) financing activities C) operating activities D) non-cash operating activities