Examlex
Which of the following statements is true?
Investing Activity
Investing activity involves transactions related to the acquisition and disposal of long-term assets and investments, reflecting a company's expenditures on future growth.
Equipment
Tangible property used in the operation of a business, not intended for resale.
Operating Activity
Transactions and other events that affect the net income of a business, typically from primary business operations.
Statement of Cash Flows
A document that outlines the effects of changes in accounts on the balance sheet and revenue on cash and cash equivalents, categorized by operating, investing, and financing actions.
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