Dashboard / My courses/ [Sheridan 09/2020) ACCG 17937 - Section 101 / Class 26673 - Puvaneswaran Mo When statements are prepared using the accrual basis, a sale on account: Question 1 Not yet answered Marked out of 1.00 Select one: a. Does not affect cash O b. Increases cash P Flag question c. Decreases cash O d. Reduces profits Which of the following statements is true concerning the direct and indirect methods of preparing the cash flow statement? Select one a. The indirect method of preparing the cash flow statement starts with sales b. The indirect method of preparing the cash flow statement breaks down cash flows based on actual receipts and payments c. The indirect method for preparing cash flow statements is the most widely used method. d. A cash flow statement prepared using the direct method has only one section a cash flow statement prepared using the indirect method has three sections Three situations should be viewed with caution when analyzing a company's statement of cash flow, this includes, but not limited to: Select one: a companies may shorten their collections b. all of the available choices c. some companies may stretch out their payables d. some companies may finance their payables which section of the statement of cash flows is considered the most important indicator of a company's financial performance based on its day to chany activities? Tor Select one: a Cash How from Financing Activities b. Cash Flow from Operating Activities Cash Flow from Budgeting Activities d. Cash Flow from investing Activities