Question: 1. Both the direct and indirect methods yield the identical net cash flow amount provided or used by operating activities. True or False 2. The

1. Both the direct and indirect methods yield the identical net cash flow amount provided or used by operating activities.

True or False

2. The cash flow on total assets ratio is affected by income recognition and measurement.

True or False

3. Investing activities include (a) the purchase and sale of long-term assets, (b) the purchase and sale of short-term investments, and (c) loaning money.

True or False

4. The direct method separately lists operating cash receipts, such as cash received from customers.

True or False

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