1. LO 16.1 Which of the following statements is false? A. Noncash activities should be reported in accrual basis financial statements. B. Net cash flow from operating activities relates to normal business operations. C. Net income usually equals net cash flow from operating activities. D. The statement of cash flows is an essential part of the basic financial statements. 2. LO 16.2Which of these transactions would not be part of the cash flows from the operating activities section of the statement of cash flows? A. credit purchase of inventory B. sales of product, for cash C. cash paid for purchase of equipment D. salary payments to employees 3 LO 16.2Which is the proper order of the sections of the statement of cash flows? A. financing, investing, operating B. operating, investing, financing c. investing, operating, financing D. operating, financing, investing