All of the following are true regarding the statement of cash flows except:
A) Operating activities include transactions and events that affect net income.
B) Financing activities include transactions that affect long-term liabilities and equity.
C) Investing activities include transactions that affect issuance of common stock.
D) Investing activities include transactions and events that come from the purchase and sale of long-term assets.
E) Noncash activities are investing and financing activities that do not affect cash flows.
Correct Answer:
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