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Unformatted text preview: Chapter 12 Quiz 2011 Fall Name_____________________Section_____________________ The statement of cash flows a. must be prepared on a daily basis. b. summarizes the operating, financing, and investing activities of an entity. c. is another name for the income statement. d. is a special section of the income statement. The primary purpose of the statement of cash flows is to a. provide information about the investing and financing activities during a period. b. prove that revenues exceed expenses if there is a net income. c. provide information about the cash receipts and cash payments during a period. d. facilitate banking relationships. In addition to the three basic financial statements, which of the following is also a required financial statement? a. The Cash Budget. b. Statement of Cash Flows. c. Statement of Cash Inflows and Outflows. d. The Cash Reconciliation. The order of presentation of activities on the statement of cash flows is a. operating, investing, and financing....
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