On the statement of cash flows, the cash flows from financing activities section would include--- Answer: receipts from the issuance of common stock

On the statement of cash flows, the cash flows from financing activities section would include all of the following except--- Answer: payments of interest on bonds payable

On the statement of cash flows, the cash flows from investing activities section would include-----Answer receipts from the sale of investments.

On the statement of cash flows, the cash flows from operating activities section would include--- Answer cash receipts from sales of merchandise

The statement of cash flows is not one of the basic financial statements.--- Answer FALSE

The statement of cash flows reports a firm's major sources of cash receipts and major uses of cash for a period of time.--- Answer TRUE

The statement of cash flows shows the effects on cash of a company's operating, investing, and financing activities.---- Answer TRUE

There are two alternatives to reporting cash flows from operating activities in the statement of cash flows: (1) the direct method and (2) the indirect method.----Answer TRUE

There is no difference in the investing and financing sections of the statement of cash flows using the indirect and direct method.---Answer TRUE

Which of the following is not one of the four basic financial statements?------ Answer statement of changes in financial position

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