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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Which of the following describes the operating activities section of the statement of cash flows?
A) It includes cash inflows and outflows involved in long-term liabilities and equity.
B) It reports on activities that create revenue or expenses for the entity's business.
C) It reports cash receipts and cash payments that increase or decrease long-term assets.
D) It reports on how cash flows affect the total assets and total liabilities.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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8 years ago
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H3Ko Author
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#2
8 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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8 years ago
Happy to help Smiling Face with Open Mouth
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