Which of the following statements 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. Investing activities involve cash purchases and cash disposals of long-term assets.
C. Decreases in long-term asset balances suggest cash inflows from selling assets.
D. Increases in long-term asset balances suggest cash outflows to purchase assets.
Answer: A
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