Unformatted text preview: Name _________________________ 1. The purpose of a statement of cash flows is : a. to show the net income of the company for the year b. to report changes in stockholders’ equity c. to show cash collected and cash paid during the year d. to show the ending balance in cash 2. Cash paid to purchase a long-term asset would: a. Be included in the operating section of the statement of cash flows b. Be included in the investing section of the statement of cash flows c. Be included in the financing section of the statement of cash flows d. Not be included on the statement of cash flows...
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- Spring '08
- Financial Accounting, Generally Accepted Accounting Principles