Which of the following is NOT correct regarding the reporting of cash?
A) Cash is reported in both the balance sheet and the statement of cash flows.
B) Cash flows from buying and selling investments and long-term productive assets are called operating cash flows.
C) Cash flows from transactions with stockholders and creditors are called financing cash flows.
D) Net cash flows reported in the statement of cash flows should equal the change in cash reported in the balance sheet.
Correct Answer:
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