Question: 5. When preparing the Statement of Cash Flows by using the Indirect Method, all of the following statements are correct EXCEPT a. The Statement shows

5. When preparing the Statement of Cash Flows by using the Indirect Method, all of the following statements are correct EXCEPT a. The Statement shows only the company's cash receipts and disbursements. b. The statement includes a line item for net income. c. The Statement is divided into three categories: operating activities, investing activities and financing activities. d. Stock analysts use the Statement of Cash Flows to evaluate a company's liquidity and solvency. e. None of the above (i.e, all of the above answers are correct)

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