Question Details

Noncash investing and financing activities 



True or false:
1.	The information in a statement of cash flows helps investors and creditors assess the company- ability to pay dividends and meet obligations.

	2.	Financial statement readers can determine future investing and financing transactions by examining a company- statement of cash flows.

	3.	In preparing a statement of cash flows, the issuance of debt should be reported separately from the retirement of debt.


	4.	Noncash investing and financing activities must be reported in the body of a statement of cash flows.


	5.	The statement of cash flows classifies cash receipts and payments as operating, nonoperating, financial, and extraordinary activities.





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