$19-$ The appropriate section in the statement of cash flows for reporting the

purchase of equipment for cash is:

A$.$ This is not reported on the statement of cash flows.

b$.$ Investing activities.

c$.$ Financing activities.

d$.$ Operating activities.

e$.$ Schedule of noncash investing or financing activity.

$20-$ To be classified as a cash equivalent, the only criterion an item must meet is that

it must be readily convertible to a known amount of cash.

True or false

$21-$ The appropriate section in the statement of cash flows for reporting the receipt

of cash dividends from investments in securities is:

a$.$ Financing activities

b$.$ This is not reported on the statement of cash flows.

c$.$ Operating activities.

d$.$ Schedule of noncash investing or financing activity.

e$.$ Investing activities.

$22-$ The primary purpose of the statement of cash flows is to report all major cash

receipts $($inflows$)$ and cash payments $($outflows$)$ during a period.

True or false

$23-$ The purchase of stock in another company is classified as an investing activity.

True or false

$24-$ The primary purpose of the statement of cash floes is to report all major cash

receipts $($inflows$)$ and cash payments $($outflows$)$ during a period.

True or false