indicate whether the sentence is true or false

1. The primary purpose of the statement of cash flows is to report all major cash receipts (inflows) and cash payments (outflows) during a period. 2. The purchase of an investment in common stock of another company is subtracted from net income in computing net cash provided by operating activities. 3. The operating section of the statement of cash flows prepared using the direct method would show a loss from the sale of equipment as an inflow of cash. 4. Under the indirect method of preparing a statement of cash flows, a gain on' the sale of equipment would be shown in the operating activities section. 5. The financing activities section of the statement of cash flows would include cash received from dividends on stock from an investment owned