Financial Information and Cash Flows Chapter 1 AS-13L04 Which items appear in the cash flow from operating activities section of the statement of cash flows using the indirect method? AS-14 LO Which items appear in the cash flow from investing activities section of the statement of cash flows? AS-15 LO Which items appear in the cash flow from financing activities section of the statement of cash flows? AS-16 LO What does a gain on the sale of equipment indicate? AS-17 LO How is a gain on sale of equipment shown on the statement of cash flows using the indirect method? AS-18 LO Define free cash flow. Free cash flow represents the cash a company generates after accounting for cash outlaws to supports operations and maintain its assets. AS-19 LO Why would an investor or creditor want to see a company show a positive free cash flow amount? AS-20 LO What are some actions a company may be tempted to take to unethically and artificially improve its statement of cash flows presentation