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Book Cover
Financial and Managerial Accounting: The Basis for Business Decisions, 12/e
Jan R. Williams, University of Tennessee
Susan F. Haka, Michigan State University
Mark S. Bettner, Bucknell University
Robert F. Meigs
Statement of Cash Flows

True/False Quiz

Please answer all questions



1

Payments of dividends are classified as financing activities.
A)True
B)False
2

Cash payments to purchase inventory are classified as investing activities.
A)True
B)False
3

Regardless of whether the direct or indirect method is used, the statement of cash flows will report the same dollar amount of net cash flow from operating activities.
A)True
B)False








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