1)The statement of cash flows reports:
a.Cash flows from operating activities.
b.Cash flows from financing activities.
c.Cash flows from investing activities.
d.Significant noncash financing and investing activities.
e.All of these.

2)Preparation of the statement of cash flows involves:
a.Computing the net increase or decrease in cash.
b.Computing and reporting net cash provided or used by operations.
c.Computing and reporting net cash provided or used by investing activities.
d.Computing and reporting net cash provided or used by financing activities.
e.All of these.

3)The statement of cash flows reports:
a.Cash inflows and cash outflows for an accounting period.
b.Assets, liabilities, and equity.
c.Changes in equity.
d.Equity, net income, and dividends.
e.Revenues, gains, expenses, and losses.

4)The statement of cash flows is:
a.A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.
b.A financial statement that presents information about changes in equity during a period.
c.A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date.
d.Another name for the statement of financial position.
e.A financial statement that reports the cash inflows and cash outflows for an accounting period, and that classifies those cash flows as operating activities, investing activities, or financing activities.

5)The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is:
a.Operating activities.
b.Financing activities.
c.Investing activities.
d.Schedule of noncash investing or financing activity.
e.None of these. This is not reported on the statement of cash flows.