QUESTION 5 Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is a. $118,000 b.$92,000 c. $169,000 d.$105,000 QUESTION 6 Cash flow per share is a required to be reported on the balance sheet b.not required to be reported on any statement c. required to be reported on the income statement d.required to be reported on the statement of cash flows QUESTION 7 Free cash flow is cash flow from operations less cash used to purchase fixed assets to maintain productive capacity True False QUESTION 8 The statement of cash flows shows the effects on cash of a company's operating, investing, and financing activities. True OFalse