CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Practice Question 04 Which statement is not correct about the usefulness of the statement of cash flows? It helps users assess investing and financing activities during the period. O It helps users assess the entity's ability to generate future cash flows. It helps users assess the entity's ability to pay its obligations. It helps users assess the profitability of a company. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT CES Practice Question 18 Which of the following is incorrect about the statement of cash flows? 2 2 The direct method may be used to report cash provided by operations. The operating section is the last section of the statement The indirect method may be used to report cash provided by operations The statement shows the cash provided (used) for three categories of activity. Click If you would like to show Work for this question: Open Show Work 3 7 39 LINK TO TEXT Question Attempts: 0 of 1 used