Statement of Cash Flows Practice Proficiency Performance Indicate the usefulness of the statement of cash flows. Correct Questions out of total attempted questions1/19 Distinguish among operating, investing, and financing activities. Correct Questions out of total attempted questions0/19 Explain the impact of the product life cycle on a company's cash flows. Correct Questions out of total attempted questions0/19 Prepare a statement of cash flows using the indirect method. 34%Proficiency Study Practice Use the statement of cash flows to evaluate a company. Correct Questions out of total attempted questions0/19 Prepare a statement of cash flows using the indirect method.