QUESTION 1 The primary objective of the statement of cash flows is to show net i

Question

QUESTION 1 The primary objective of the statement of cash flows is to show net income produced and where the tvpe of net income came from True o False QUESTION 2 All major financing and investing activities affect cash. True O False QUESTION 3 The receipt of dividends from long-term investments in stock is classified as a cash flow from financing activities. O True False QUESTION 4 The reporting of noncash activities in a separate schedule is a requirement of the expense recoqnition principle True O False QUESTION 5 If a company reports a net loss it D A will not be able to pay cash dividends o B, will not be able to make capital expenditures o c- will not be able to get a loan e D may still have &net; increaste in cash QUESTION G e A Paid the insurance bill o CConversion of bonds payable into common stock Which of the tollowing transactions affects cash during the perlod? Declared a dividend. D.Writo-off of uncollectible accounts

Explanation / Answer

Dear student, only one question is allowed at a time. I am answering the first question

The primary objective of the statement of cash flows is to provide data related to cash receipts and payments and net change in cash as a result of operating, investing and financing activities of an organization

So, the primary objective of statement of cash flows is not related to net income but is related to cash flows

So, as per above discussion the statement given in the question is False

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