Question: Indicate whether the following is true or false. If the answer is false, explain why. 1. Purchases and sales of securities are never reported as

Indicate whether the following is true or false. If the answer is false, explain why.

1. Purchases and sales of securities are never reported as investing activities in a statement of cash flows. TRUE or FALSE

2. Purchases and sales of securities are always reported as financing activiies in a statement of cash flows. TRUE or FALSE

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