MULTIPLE CHOICE. (30 pts) Choose t thCOICE (0ptsse the one alternative that best completes thes mber to record your answer on your Seantron. 1) The statement of cash flows reports: A) Cash inflows and cash outflows for an accounting B) Changes in equity C) Revenues, gains, expenses, and losses. D) Equity, net income, and dividends. E) Assets, liabilities, and equity. so that its markebl to a known amount of cash and that is sufficiently close to its so that its market value is unaffected by interest rate c 2) An investment that is readily convertible maturity date known amo hanges is a(n) A) Common stock. B) Operating activity C) Short-term marketable equity security D) Financing activity E) Cash equivalent. perating cas e reporting of net cash provided or used by operating activities that lists the major items of o tch as receipts from customers, and subtracts the major items of opcrating csh as cash paid for merchandise, is referred to as the: A) Net method of reporting cash flows from operating activities. B) Direct method of reporting net cas C) Indirect method of reporting net cash provided or used by operating activities. h provided or used by operating activities. D) Classified statement of cash flows. E) Cash basis of accounting. 4) The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is: A) This is not reported on the statement of cash flows. B) Operating activities. C) Investing activities. D) Schedule of noncash investing or financing activity E) Financing activities. Page 1 of 3