QUESTION 23

Which option identifies an advantage of the UCA model over a traditional statement of cash flows?

		The UCA model adjusts net income for both interest expense and depreciation.
		The UCA model provides more information about the cash flow impact of sales, gross margin, and operating expenses.
		The UCA model isolates the annual capital expenditures.
		The UCA model more clearly shows the cash flow effects of changes in the owners investment in the business.