Author Question: The statement of cash flows consists of three sections: cash flows from operating activities, cash ... (Read 652 times)

corkyiscool3328 · **on:** Jul 6, 2018

The statement of cash flows consists of three sections: cash flows from operating activities, cash flows fromincome activities, and cash flows from equity activities.
a. True
b. False

Indicate whether the statement is true or false

Question 2

City of Alnwick makes pension contributions on behalf of its employees to both a defined benefit plan and a defined contribution plan.

Assume that the employer contributions for the fiscal year totaled 55,000 for the defined benefit plan and 35,000 for the defined contribution plan. The General Fund will report
A. Total expenditures of 90,000.
B. Expenditures of 55,000 and transfers out of 35,000.
C. Transfers out of 90,000.
D. Transfers out of 55,000 and expenditures of 35,000.