Problem on individual cash receipts and payments


Problem: All individual cash receipts and payments (except cash paid/received for the purchase/sale of cash equivalents) are classified and reported on the statement as operating, investing, or financing activities. Which of the following statement is correct? Changes in current assets and current liabilities are normally the result of operating activities, changes in non-current assets are normally caused by investing activities and changes in long-term debt and equity are normally a result of financing activities

 

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Accounting Basics: Problem on individual cash receipts and payments
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