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Indicate Whether Each of the Following Statements Regarding the Statement

question 109

Short Answer

Indicate whether each of the following statements regarding the statement of cash flows (SCF) is true or false.
_____ a) Purchase of treasury stock would appear in the investing section of the SCF.
_____ b) Purchase of merchandise on account would appear in the operating section of the SCF.
_____ c) Payment of an account payable is an operating activity.
_____ d) Purchase of office supplies for cash would appear in the operating section of the SCF.
_____ e) Declarations of cash dividends would appear in the financing section of the SCF.


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