Question Details

The operating activities section of the statement of cash flows 



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, non-cash charges in the income statement are ______________ to net income and non-cash credits are ______________ to compute cash provided by operations.




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