Question: Knowledge Check 01 Match the term and the definition. Answer is complete but not entirely correct. 1 Financing activities 2. These activities generate cash inflows

Knowledge Check 01 Match the term and the definition. Answer is complete but not entirely correct. 1 Financing activities 2. These activities generate cash inflows and outflows related to revenue and expense transactions that affect net income. These activities generate cash inflows and outflows related to creditors and transactions with the company's owners. These activities generate cash inflows and outflows related to acquiring or disposing of noncurrent assets, long-term investments, and loans to another entity. 2 3 Investing activities 3. Operating activities
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