14 True false When preparing the operating activities section of the statement of cash flows using the indirect method, non operating gains are added to net income 18 True false Managers primarily use the statement of cash flows to determine the amount of the company's assets relative to the amount of its debt 22 True false Information to prepare the statement of cash flows usually comes from (a) comparative balance sheets, (b) current income statement, and (c) additional information 24 Cash flows from collections on credit sales are usually reported in the statement of cash flows as part of Noncash activities Investing activities This is not reported in the statement of cash flows Financing activities Operating activities 25 All of the following are true of a financial statement analysis report, except The executive summary provides a brief analysis of results The analysis overview includes background on the company, its industry, and the economy Background on the company, its industry, and the economy is part of the analysis overview Accounting standards determine which ratios are relevant and useful for the analysis Evidential matter includes ratios, trends, comparisons and all analytical measures 26 Identify and explain the types of employer payroll taxes

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Question: 14. True/ false When preparing the operating activities section of the statement of cash flows using the indirect method, non-operating gains are added to net

14. True/ false When preparing the operating activities section of the statement of cash flows using the indirect method, non-operating gains are added to net income.

18. True/ false Managers primarily use the statement of cash flows to determine the amount of the company's assets relative to the amount of its debt.

22. True/ false Information to prepare the statement of cash flows usually comes from (a) comparative balance sheets, (b) current income statement, and (c) additional information.

24.

Cash flows from collections on credit sales are usually reported in the statement of cash flows as part of:

		Noncash activities.
		Investing activities.
		This is not reported in the statement of cash flows.
		Financing activities.
		Operating activities.

25.

All of the following are true of a financial statement analysis report, except:

		The executive summary provides a brief analysis of results.
		The analysis overview includes background on the company, its industry, and the economy.
		Background on the company, its industry, and the economy is part of the analysis overview.
		Accounting standards determine which ratios are relevant and useful for the analysis.
		Evidential matter includes ratios, trends, comparisons and all analytical measures.

26. Identify and explain the types of employer payroll taxes.

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