the statement of cash flows is a financial statement

True

False

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Question 2

the statement of cash flows explains the change in the cash account for a given year.

True

False

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Question 3

sale of land is a financing activity

True

False

Question 4

purchase of common stock in a different company is an investing activity

True

False

Question 5

when accounts receivable increase we decrease by the same amount on the cash flow statement

True

False

Question 6

purchase of treasury stock is a financing activity

True

False

Question 7

borrowing money using a long term note payable is a financing activity

True

False

Question 8

collection of a note receivable is an operating activity

True

False

Question 9

payment of dividends is a financing activity

True

False

Question 10

repayment of a loan is an operating activity

True

False