Which of the following statements concerning the statement of cash flows is most correct?
1) Like the balance sheet, the statement of cash flows is as of a single point in time.
2) The statement of cash flows uses information from both the income statement and the balance sheet.
3) The statement of cash flows has five major sections.
4) The most important line on the statement of cash flows is the "bottom line," the net increase (decrease) in cash.
5) None of the above statements is correct.