true or false

l) The primary purpose of the statement of cash flows is to report all major cash receipts 2) When preparing the operating activities section of the statement of cash flows using the S) When preparing the operating activities section of the statement of cash flows using the 4) When preparing the operating activities section of the statement of cash flows using the (inflows) and cash payments (outlows) during a period indirect method, non-operating gains are added to net income indirect method, non-operating losses are added to net income. indirect method, a decrease in accounts receivable is subtracted from net income. 5) When preparing the operating activities section of the statement of cash flows using the 6) When preparing the operating activities section of the statement of cash flows using the 7) When preparing the operating activities section of the statement of cash flows using the indirect metho d, decreases in current operating assets are subtracted from net income. indirect method, an increase in income taxes payable is added to net income. indirect method, decreases in current operating liabilities are subtracted from net ncome. 8) When preparing the operating activities section of the statement of cash flows using th indirect method, depreciation is subtracted from net income. 9) The gain or loss from retirement of debt is reported under cash flows from operating activities on the statement of cash flows using the indirect method. 10) Investing activities include receiving cash dividends from investments in other companies' stocks. 11) Investing activities include: (a) the purchase and sale of long-term assets, (b) lending and collecting on notes receivable, and (c) the purchase and sale of short-term investments in the securities of other entities, other than cash equivalents and trading securities