Which of the following describes the financing activities section of the statement of cash flows?AIt reports on activities that create revenue or expenses for the entity's business.BIt includes cash inflows and outflows involved in long-term liabilities and equity.CIt includes interest and dividend income and cash payments for interest expense.DIt includes increases and decreases in long-term assets.

Cash flow statement is defined as the financial statement which summarizes the cash and cash…

Answered: Which of the following describes the…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 13MCQ

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Which of the following describes the financing activities section of the statement of cash flows?

A	It reports on activities that create revenue or expenses for the entity's business.
B	It includes cash inflows and outflows involved in long-term liabilities and equity.
C	It includes interest and dividend income and cash payments for interest expense.
D	It includes increases and decreases in long-term assets.

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