[Rarequeen]

I need to know if they are right


1. Describe the content and layout of a statement of cash flows, including its three sections. The third major step in preparing the statement of cash flows is to compute and report cash flows from investing activities. We normally do this by identifying changes in (1) all noncurrent asset accounts and (2) the current accounts for both notes receivable and investments in securities (excluding trading securities). We then analyze changes in these accounts to determine their effect, if any, on cash and report the cash flow effects in the investing activities section of the statement of cash flows. Reporting of investing activities is identical under the direct method and indirect method.
2. List at least three transactions classified as investing activities in a statement of cash flows. (1) identify changes in investing-related accounts, (2) explain these changes using reconstruction analysis, and (3) report their cash flow effects.
3. List at least three transactions classified as financing activities in a statement of cash flows. . Examples are (1) obtaining cash from issuing debt and repaying the amounts borrowed and (2) receiving cash from or distributing cash to owners.
4. List at least three transactions classified as significant noncash financing and investing activities in the statement of cash flows