correct answer

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 11) Which of the following is TRUE of the statement of cash flows? A) The statement of cash flows reports why cash increased or decreased during the period. B) The statement of cash flows covers a span of time and is dated "Year Ended Month Day, Year C) The statement of cash flows show's where cash came from and how cash was spent. D) All of the above are true of the statement of cash flows. 12) 12) Which of the following financial statements reports an entity's cash receipts and cash payments during the period? A) The balance sheet reports an entity's cash receipts and cash payments during the period B) The statement of retained earnings reports an entity's cash receipts and cash payments during the period C) The income statement reports an entity's cash receipts and cash payments during the period. D) The statement of cash flows reports an entity's cash receipts and cash payments during the period. 13) 13) Which of the following are created by operating activities? A) Revenues and expenses are created by operating activities B) An increase in common stock is created by operating activities. C) An increase in long-term debt is created by operating activities. D) Both A and B are created by operating activities. 14) 14) Which of the following statements about the information included on a statement of cash flows is TRUE? A) The statement of cash flows contains information about the business's ability to generate positive cash flows in future periods. B) The statement of cash flows contains information about stock splits and stock dividends! distributed by the company. C) The statement of cash flows contains information about the business's percentage change in each item of revenue and expense. D) The statement of cash flows contains information about the differences between net income and additions to retained earnings