58) The statement of cash flows shows the effects on cash of a company\'s operat

Question

58) The statement of cash flows shows the effects on cash of a company's operating, investing, and financing activities.
a. true
b. false


59) The statement of cash flows reports a firm's major sources of cash receipts and major uses of cash payments for a period.
a. true
b. false

60) Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income.
a. true
b. false

61) To arrive at cash flows from operations, it is necessary to convert the income statement from an accrual basis to the cash basis of accounting.
a. true
b. false

62) Cash flows from investing activities, as part of the statement of cash flows, include receipts from the sale of land.
a. true
b. false

Explanation / Answer

The statement of cash flows shows the effects on cash of a company's operating, investing, and financing activities. True

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