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1. What is the correct order of the Statement of Cash Flows? a. Operating, Financing, Investing b. Investing, Financing, Operating c. Financing, Operating, Investing d.

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1. What is the correct order of the Statement of Cash Flows? a. Operating, Financing, Investing b. Investing, Financing, Operating c. Financing, Operating, Investing d. Operating, Investing, Financing 2. How will the cash flows from operations be different when using the indirect method versus the direct method? a. Higher b. Lower c. No difference a. 3. For each of the following transactions, indicate whether it falls under the operating, investing, or financing section of the cash flow. purchase equipment with cash b. collect cash from customers pay income taxes with cash d. cash paid for repaying the principal of a loan cash received from issuing stock to shareholders c. e

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