1.Which is not a section in the Cash Flow Statement: a.Current Activities b.Operating Activities c.Financing Activities d.Investment Activities. 2.The primary purposed of the statement of cash flows is to provide information a.About the operating, investing, and financing activities of an entity during a period. b.That is useful in assessing cash flow prospects. c.About the cash receipts and cash payments of an entity during a period. d.About the entitys ability to meet its obligations, its ability to pay dividends, and its needs for external financing. 3.A company borrows $10,000 and signs a 90-day nontrade note payable. In preparing a statement of cash flows (indirect method), this event would reflected as a(n) a.Addition adjustment to net income in the cash flows from operating activities sections. b.Cash outflow from investing activities. c.Cash inflow from investing activities. d.Cash inflow from financing activities. 4.Which of the following statements is correct? a.The indirect method starts with income before extraordinary items. b.The direct method is known as the reconciliation method. c.The direct method is more consistent with the primary purpose of the statement of cash flows. d.All of these. 5.Which of the following is shown on a statement of cash flows? a.A stock dividend. b.A stock split c.An appropriation of retained earnings d.None of these