In a Statement of Cash Flows

question 25

Multiple Choice

In a statement of cash flows:

• A) Operating activities are the same activities as reported in the income statement.
• B) The two primary reporting classifications of cash flows are inflows and outflows.
• C) No noncash transactions are reported in the statement itself or the related footnote.
• D) Inflows and outflows for cash equivalents are reported as operating activities.

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