Answer the following statements true (T) or false (F)

1. The investing activities section of the statement of cash flows reports cash receipts and payments that increase or decrease long-term liabilities.
2. The financing activities section of the statement of cash flows includes activities that affect current assets and current liabilities.
3. The operating activities section of the statement of cash flows reflects the cash flows that affect current assets and current liabilities.
4. The cash paid for the purchase of equipment will typically be shown in the investing activities section of the statement of cash flows.


1. FALSE
2. FALSE
3. TRUE
4. TRUE

Business

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What term is used to describe the skills required to open ourselves to diverse and fluctuating circumstances and events?

a. expanding b. challenging c. securing d. exposing

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merchandise ordered.Refer to the American Girl Doll. Based on the information in the narrative above, which of the following factors is most likely to affect the elasticity of demand for the doll? A. the absence of substitutes B. the existence of complementary products C. the price relative to purchasing power D. product durability E. a variety of alternative uses for the product

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A debtor filing for Chapter 7 bankruptcy must provide a list of all immediate family members because persons such as spouses may be liable for the bankrupt person's debts

a. True b. False Indicate whether the statement is true or false

Business