The Statement Concerning the Treatment of the Purchase and Sale

The statement concerning the treatment of the purchase and sale of non-current assets in a statement of cash flows that is incorrect is:

A) The carrying value of a non-current asset that has been sold is treated as an investing outflow
B) The proceeds of sale from a non-current asset are treated as an investing inflow
C) The cash purchase of a non-current asset is treated as an investing outflow
D) Inflows and outflows for the purchase and sale of non-current assets must not be netted off against each other