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All of the following statements are true EXCEPT:
Operating Activities Section
A component of the cash flow statement that shows cash inflows and outflows related to the core business operations.
Income Taxes
Taxes levied by the government on income generated by businesses and individuals within their jurisdiction.
Investing Activities Section
Part of a company's cash flow statement that shows the cash spent on and received from investment activities, including purchases and sales of securities.
Book Value
The net value of an asset according to its balance sheet account balance, taking into account depreciation, amortization, or impairment costs.
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