2) The statement of cash flows discloses significant events related to the operating, investing, and financing activities of a business

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2) The statement of cash flows discloses significant events related to the operating, investing, and financing activities of a business.

 

	1) True
	2) False

3. The account Wages Payable would appear on the income statement.

 

	1) True
	2) False

4.Independence is the avoidance of all relationships that impair or appear to impair the objectivity of the accountant.

 

	1) True
	2) False

5. Unearned revenues are classified as liabilities on the balance sheet.

 

	1) True
	2) False