Question: Question 1 1 pts There are three basic groups of activities on the Statement of Cash Flows. They are operating activities, investing activities, financing activities.

financing activities. direct activities, indirect activities, immaterial activities. O asset activities, liability

Question 1 1 pts There are three basic groups of activities on the Statement of Cash Flows. They are operating activities, investing activities, financing activities. direct activities, indirect activities, immaterial activities. O asset activities, liability activities, stockholders' equity activities. income statement activities, balance sheet activities, contingent activities. Question 2 1 pts The indirect method reports cash flows in the first basic group of activities by starting with O net changes in current assets. total cash sales to customers. net income. total cash received from sales of long-term bonds. Question 3 1 pts Smartie Corporation has A/R at the beginning of 2018 of $56,000 and at the end of 2018 of $78,000. Total credit sales in 2018 are $895,000; total cash sales in 2018 are $64,000. Using the indirect method of calculating cash flows, Net Cash Received from Financing Activities for Smartie for 2018 is affected by this data in the amount of O plus $22,000. minus $22,000 plus $873,000 plus $937,000. Net Cash Received From Financing Activities is not affected by this data

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