Which of the Following Statement Is Incorrect Regarding the Investing

question 66

Multiple Choice

Which of the following statement is incorrect regarding the investing activities section of the statement of cash flows?

• A) Investing activities deal with long-term liabilities (debt)and equity accounts.
• B) Increases in long-term asset balances suggest cash outflows to purchase assets.
• C) Decreases in long term asset balances suggest cash inflows from selling assets.
• D) Investing activities involve cash purchases and cash disposals of long-term assets.

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