Which of the following is incorrect regarding the financing activities section of a statement of cash flows?
A) Increases in Contributed Capital accounts suggest cash inflows occurred from issuing equity instruments.
B) Decreases in Long-Term Debt accounts suggest cash outflows occurred for payment of debt.
C) Increases in Short-Term Notes Payable accounts suggest cash outflows occurred from issuing notes or bonds.
D) Decreases in retained earnings suggest cash outflows occurred to pay dividends.

Question

Quizplus · Accepted Answer

Increases in Short-Term Notes Payable accounts suggest cash inflows occurred from issuing notes or bonds, not cash outflows.

Which of the Following Is Incorrect Regarding the Financing Activities