Question: Match the correct major element to its respective definition. A. Investing Activities B. Common Stock C. Expenses 1. The cost of selling goods and services.

Match the correct major element to its respective definition.
A. Investing Activities
B. Common Stock
C. Expenses
1. The cost of selling goods and services. Decrease equity.
2. Element is contained in the cash flow statement. These activities increase or decrease long-term assets.
3. Represents the increase of equity

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