Which of the following statements is false? (You may select more than one answer.)a. Purchasing a new manufacturing plant is classified as an investing activity.b. Paying off accounts payable balances is classified as a financing activity.c. Dividend payments are classified as a financing activity.d. Either the direct or the indirect method can be used to calculate the net cash provided by financing activities.
Which of the following statements is false? (You may select more than one answer.)a. Purchasing a new manufacturing plant is classified as an investing activity.b. Paying off accounts payable balances is classified as a financing activity.c. Dividend payments are classified as a financing activity.d. Either the direct or the indirect method can be used to calculate the net cash provided by financing activities.
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 1MC: Which of the following statements is false? A. Noncash activities should be reported in accrual...
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Which of the following statements is false? (You may select more than one answer.)
a. Purchasing a new manufacturing plant is classified as an investing activity.
b. Paying off accounts payable balances is classified as a financing activity.
c. Dividend payments are classified as a financing activity.
d. Either the direct or the indirect method can be used to calculate the net cash provided by financing activities.
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