Question Details

The cash effects of selling goods and services 



1.	A statement of cash flows summarizes the operating, ____________, and  ___________ activities of an entity.


2.	The cash effects of selling goods and services appears in the ______________ activities section of a statement of cash flows.


3.	The operating activities section of the statement of cash flows may be prepared using the ______________ method or the ______________ method.


	4.	Net income from operations is generally not the same as cash provided from operations because revenues and expenses are recognized in the income statement on the ______________ basis.


	5.	Using the indirect approach, noncash charges in the income statement are ______________ to net income and noncash credits are ______________ to compute cash provided by operations.





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