Indicate whether each of the following statements regarding the statement of cash flows (SCF)is true or false.
_____ a)Purchase of merchandise inventory on account would appear in the operating activities section of the SCF.
_____ b)Sale of treasury stock would appear in the investing section of the SCF.
_____ c)Cash proceeds from the sale of a used truck would appear in the operating section of the SCF.
_____ d)Purchase of investment securities would appear in the investing activities section of the SCF.
_____ e)Payment of salaries would appear in the operating section of the SCF.

Question

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The Answer of Indicate whether each of the following statements regarding the statement of cash flows (SCF)is true or false.
_____ a)Purchase of merchandise inventory on account would appear in the operating activities section of the SCF.
_____ b)Sale of treasury stock would appear in the investing section of the SCF.
_____ c)Cash proceeds from the sale of a used truck would appear in the operating section of the SCF.
_____ d)Purchase of investment securities would appear in the investing activities section of the SCF.
_____ e)Payment of salaries would appear in the operating section of the SCF.

Indicate Whether Each of the Following Statements Regarding the Statement