Which of the following statements is false? (You may select more than one answer.)a. Purchasing a new manufacturing plant is classified as an investing activity.b. Paying off accounts payable balances is classified as a financing activity.c. Dividend payments are classified as a financing activity.d. Either the direct or the indirect method can be used to calculate the net cash provided by financing activities.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 1MC: Which of the following statements is false? A. Noncash activities should be reported in accrual...
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Which of the following statements is false? (You may select more than one answer.)
a. Purchasing a new manufacturing plant is classified as an investing activity.
b. Paying off accounts payable balances is classified as a financing activity.
c. Dividend payments are classified as a financing activity.
d. Either the direct or the indirect method can be used to calculate the net cash provided by financing activities.

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