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38. Which of the following is not true regarding cash flows? A. Operating activities include the payment of dividends. B. Investing activities involve long-term investments.

38. Which of the following is not true regarding cash flows? A. Operating activities include the payment of dividends. B. Investing activities involve long-term investments. C. Financing activities involve long-term liabilities and equities. D. Purchasing a building with a note is considered a noncash activity.

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