Which of the following statements is correct?
A)The Accumulated Depreciation account includes cash flows that may be categorized as both operating and investing.
B)Inventory includes cash flows that may be categorized as both operating and investing.
C)Retained Earnings includes cash flows that may be categorized as both operating and investing.
D)Bonds Payable includes cash flows that may be categorized as both operating and financing.

Question

Quizplus · Accepted Answer

Accumulated Depreciation can be affected by operating activities (depreciation for using equipment in daily operations)as well as investing activities (disposing of equipment).

Which of the Following Statements Is Correct