The statement of cash ows ties together: 0 3. Information on the balance sheet and income statement. O I]. Information on the balance sheet and statement of retained earnings. O (3. Information on the balance sheet and statement of changes in equity. 0 d. Information on the income statement and statement of retained earnings. The statement of cash ows is required to be included 0 a. for nancial statements prepared under IFRS, but is optional under ASPE. O I]. only for financial statements prepared under IFRS. O c. for both financial statements prepared under IFRS and under ASPE. 0 d. only for financial statements prepared under ASPE. The three sections of the statement of cash flows are: 0 3. Investing activities, financing activities and direct activities 0 I]. Operating activities. investing activities, and financing activities 0 (3. Operating activities, income activities, and financing activities 0 d. Operating activities, financing activities and indirect activities A successful company's major source of cash should be: O 3. operating activities. O b. financing activities. 0 C. investing activities. 0 (1. both operating activities and investing activities. ABC Co. has an unrealized loss on its FVNI Investments. ABC Co. is preparing its operating activities section of the statement of cash flow. The company uses the indirect method. Is it correct to add back this loss to net income under the operating activities section? Select one: 0 True 0 False 123 Ltd. shows a change year over year in its accounts payable balance of ${1U,000) or an overall decrease of$10,000. This adjustment is added to net income underthe indirect method in calculating net cash flow from operating activities. Select one: 0 True 0 False Cheers Inc. had an opening balance in its accumulated depreciation account of $8,000 and an ending balance of$12,000. During the year. Cheers Inc. recognized depreciation expense of$15,000. How much accumulated depreciation related to an asset sale in the year? Q a. $0 O in. $19,000 0 c. $26000 Q d. $11J000 Any investment income earned from a signicant inuence investment accounted for under the equity method is removed from net income under OPERATING activities. Select one: 0 True O False If a company has dividends payable, this account along with the retained earnings account are to be analyzed side by side in determining the amount of dividends DECLARED for purposes ofthe statement of cash flows. Select one: Q True 0 False Which of the following is an example of a financing activity? 0 3. Recording a leased asset and lease liability at lease inception. O b. Purchased a building for $360,000 by signing a mortgage with a bank. 0 (3. Distribution ofa stock dividend to shareholders. Q d. Obtaining cash from owners