53) The statement of cash flows is not one of the basic financial statements.

53) The statement of cash flows is not one of the basic financial statements.
a. true
b. false 55) The investor carrying an investment by the equity method records cash dividends received as an increase in the carrying amount of the investment.
a. true
b. false 56) Cash as the term is used for the statement of cash flows could indicate either cash or cash equivalents.
a. true
b. false 57) To record a bond investment between interest payment periods Investment in Bonds would be debited and Cash and Interest Revenue would be credited.
a. true
b. false