Question 4 (1 point) Which of the following statements about the Statement of Cash flows is not correct? a) It measures profitability b) It does not replace the Income Statement. c) It provides details as to how cash changed during the period. Od It provides information about cash receipts and cash payments over a period of time. Question 5 (1 point) Question 5 (1 point) Under the direct method, cash received for future services would not be reported in the Statement of Cash Flows until the year in which the revenue is earned. 3 6 a) True b) False 9 Question 6 (1 point) Under the direct method cash received from issuing $10,000 in common stock would be reported as a cash outflow in the financing activities section of the Statement of Cash Flows a) True. hala