Consider how each of the transactions listed below affect net income reported on the income statement and the net cash flows from operating activities reported on the statement of cash flows. Which transaction(s) would affect the income statement in a different period from the statement of cash flows?
A. Incurred operating expenses on account
B. Paid interest that was accrued in a prior year
C. Recognized depreciation expense on equipment
D. All of these answer choices would affect the income statement in a different period from the statement of cash flows
Answer: D
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What will be an ideal response?
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)