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Financial Accounting: Answer the follwoing questions The purposes of the cash flow statement are to predict future cash flows. evaluate management decisions. determine ability to
Financial Accounting: Answer the follwoing questions
The purposes of the cash flow statement are to predict future cash flows. evaluate management decisions. determine ability to pay liabilities and dividends. All of the above The main categories of cash flow activities are direct and indirect. current and long-term. non-cash investing and financing. operating, investing, and financing. Operating activities are most closely related to long-term liabilities and stockholders' equity. current assets and current liabilities. dividends and treasury stock. long-term assets. Which of the following is true of the statement of cash flows? It covers a specific span of time the same as the income statement. It shows how the profits or losses of the company were generated. It indicates when long - term debt will mature. It reports on the qualitative behavior of the company's performance. Which of the following describes the financing activities section of the statement of cash flows? It shows the beginning and ending balances of cash. It includes transactions that primarily affect current assets and current liabilities. It includes cash transactions affecting the long - term liabilities and equity of the business. It includes increases and decreases in long - term assetsStep by Step Solution
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