1 The sum of the individual increases or decreases for all three sections of the statement of cash flows equals the chan

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1 The Sum Of The Individual Increases Or Decreases For All Three Sections Of The Statement Of Cash Flows Equals The Chan 1 (9.55 KiB) Viewed 15 times

1 The Sum Of The Individual Increases Or Decreases For All Three Sections Of The Statement Of Cash Flows Equals The Chan 2 (9.3 KiB) Viewed 15 times

1 The Sum Of The Individual Increases Or Decreases For All Three Sections Of The Statement Of Cash Flows Equals The Chan 3 (37.09 KiB) Viewed 15 times

1 The Sum Of The Individual Increases Or Decreases For All Three Sections Of The Statement Of Cash Flows Equals The Chan 4 (23.93 KiB) Viewed 15 times

1 The Sum Of The Individual Increases Or Decreases For All Three Sections Of The Statement Of Cash Flows Equals The Chan 5 (33.1 KiB) Viewed 15 times

1 The Sum Of The Individual Increases Or Decreases For All Three Sections Of The Statement Of Cash Flows Equals The Chan 6 (35.63 KiB) Viewed 15 times

1 The Sum Of The Individual Increases Or Decreases For All Three Sections Of The Statement Of Cash Flows Equals The Chan 7 (9.55 KiB) Viewed 15 times

1 The sum of the individual increases or decreases for all three sections of the statement of cash flows equals the change in cash and cash equivalents during the year. True or False True False

2 When the indirect method is used, a decrease in inventory is added to convert net earnings to cash flows from operating activities. True or False True False

3 Which of the following would be a cash outflow connected to operating activities? Multiple Choice O O Payment to a vendor for previously purchased inventory. Payment of a dividend. Purchase of equipment for cash. Payment of a bank loan.

4 Positive free cash flow is always a positive sign. True or False True False

5 The direct method and the indirect method are alternative methods of preparing Multiple Choice O O the net earnings calculation. cash inflows. the operating activities section of the statement of cash flows. the worksheet for the statement of cash flows.

6 All of the following are required to prepare the statement of cash flows except: Multiple Choice O the year-end bank reconciliation. additional detail about selected accounts that increase or decrease. comparative statements of financial activities. a statement of earnings.

7 When the indirect method is used to preparing the operating activities section of the statement of cash flows, net earnings is reported first as a positive amount. True or False True False