Each cash flow reported in the statement of cash flows relates to ...

[deesands]

Each cash flow reported in the statement of cash flows relates to operating, investing, or financing activities.
 
  Indicate whether the statement is true or false

Question 2

When the allowance method for accounting for uncollectible receivables is used, net income is reduced when aspecific receivable is written off.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[janieazgirl]

Answer to Question 1

TRUE

Answer to Question 2

False

[deesands]

Thanks for the timely response, appreciate it

[komodo7]

Gracias!