TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 41) The operating and financing activities of the statement of cash flows are presented differently between the indirect and direct methods. 42) To complete the statement of cash flows, the net change in cash and its effects on the beginning cash balance must be shown. 43) Urban Installations Company uses the direct method to prepare its statement of cash flows. Urban has reported cost of goods sold of $95.000 on its income statement for 2018. If the balance in the Merchandise Inventory account decreased by $6,000 during the year, then $6,000 needs to be added to $95,000 to calculate payments to suppliers for inventory purchases. 44) Most public companies use the indirect method to prepare their statement of cash flows because it is the method the FASB prefers. 45) The three sections of the statement of cash flows report only activities that involve cash. 46) A common-size statement reports the same percentages that appear in a vertical analysis. 47) In a vertical analysis of the income statement, each line item is shown as a percentage of net sales revenue. 48) The change in cash is the key reconciling figure for the statement of cash flows and must match the change in cash reported on the comparative income statements 49) An annual report provides information about a company's financial condition. 50) Maryland Services purchased 10 delivery vehicles by issuing a 10-year installment note payable for $320,000. This transaction is shown in the investing activities section of the statement of cash flows