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    chuckeeebeee's Avatar
    chuckeeebeee Posts: 10, Reputation: 1
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    #1

    May 10, 2007, 12:42 PM
    Which cash flow statement is false?
    Question: Which of the following statements is false?

    a. Financing activities usually involve long-term liability and current asset accounts

    b. Operating activities usually involve current asset and current liability accounts

    c. Investing activities usually involve long-term asset accounts

    d. Non-cash transactions are not reported in the operating, investing or financing section of the statement of cash flows

    e. All of the above are true statements

    Any one's help would be greatly appreciated.
    jal343's Avatar
    jal343 Posts: 3, Reputation: 1
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    #2

    May 11, 2007, 09:14 PM
    A is false Current Assets are in the operating section of the statement of cash flows

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