The purpose of the cash flow statement is to provide information on:

Select one:

a. cash inflows and outflows.

b. profits.

c. net worth.

d. losses.

Which of the following activities is classified as an operating activity in the statement of cash flows?

Select one:

a. Proceeds of a share issue.

b. Payment by credit customers.

c. Receipt from sale of a building.

d. Receipt from long term loan.

Which statement is correct?

Select one:

a. The balance sheet does not record cash.

b. The statement of comprehensive income, the balance sheet and the cash flow statement are accrual based

c. The statement of comprehensive income is accrual based and the balance sheet and the cash flow statement are cash based.

d. The statement of comprehensive income and the balance sheet are accrual based and the cash flow statement is cash based.