QUESTION 12 The statement of cash flows A summarizes the operating, financing, and investing activities of an entity B must be prepared on a daily basis C is a special section of the income statement D. is another name for the income statement QUESTION 13 The acquisition of land by issuing common stock is OA a noncash transaction which is not reported in the body of a statement of cash flows OB a noncash transaction and would be reported in the body of a statement of cash flows o c a cash transaction and would be reported in the body of a statement of cash flows D only reported if the statement of cash flows is prepared using the direct method QUESTION 14 receivable and inventories increased by $2,000 and $8,000, respectively current year was $220,000 Depreciation recorded on plant assets was $35,000. Accounts respectively How much cash was provided by operatly Prepaid expenses and accounts payable decreased by $2.000 and $12.000 A $220,000 $255 000 G, $235 000 D $200.000