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Module 2 Diagnostic Assessment

Module 2 Diagnostic Assessment

Q 1. Question 1 1/1 What are the three major sections of the Statement of Cash Flows: Hide answer choices 2. Question 2 1/1 The total of the Statement of Cash Flows shows the amount of cash that has flowed during the period of time. This amount must equal: Hide answer choices 3. Question 3 1/1 An increase in inventory levels will result in a decrease in cash. 4. Question 4 1/1 The purpose of the statement of cash flows is to supply information about an entity’s cash receipts and loans for a period as these apply to operating, investing, and financing activities. 5. Question 5 1/1 The cash generated by issuing stock is part of the normal operation of a company and would be listed in the operating activities section of the statement of cash flows.

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1.Operating Activities, Investing Activities, Financing Activities 2.Difference between beginning and ending cash balance 3.1. T 4.False 5.False