When analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from financing activities generally affect:
A. Both noncurrent assets and noncurrent liabilities.
B. Equity accounts only.
C. Noncurrent liability and equity accounts.
D. Net income, current assets, and current liabilities.
E. Noncurrent assets.
Answer: C
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Fill in the blank(s) with the appropriate word(s).
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