Which Statement Is Not Correct

question 12

Multiple Choice

Which statement is not correct?

• A) Information in the cash flow statement is useful in assessing the ability of an entity to pay its debts as they fall due.
• B) A comparison of the cash flow statement and the income statement can indicate to what extent the profit is represented by cash inflows.
• C) The cash flow statement classifies cash flows into operating investing and financing groupings.
• D) Operating activities are concerned with activities involving the sales and purchases of fixed assets.

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