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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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