Question: Question 15. Question 16. Question 17. QUESTION 15 Which one of the following financial statements does not report amounts primarily on an accrual basis? A)

Question 15.

Question 16.

Question 17.

QUESTION 15 Which one of the following financial statements does not report amounts primarily on an accrual basis? A) Statement of cash flows OB) Income statement OC) Balance sheet OD) Statement of shareholders' equity QUESTION 16 "When one enters a $50,000 credit entry to the Land account in a spreadsheet for the statement of cash flows. It represents a negative change in that account and probably is due to selling such assets True False QUESTION 17 Creditors and investors would generally find the statement of cash flows last useful for assessing the A) Ability to pay dividenda O B) Quality of earnings C) Financial position at a point in time GD) Ablity to generate future cash flows

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