All of the following statements about the Statement of Cash Flows are TRUE EXCEPT Financing activities include the obtaining of cash from issuing debt and repaying the amounts borrowed. The acquisition of a building by issuing bonds would be considered an investing and financing activity that di NOT affect cash. The payment of interest on bonds payable is classified as a cash outflow from operating activities. Any item that appears on the income statement would be considered as either a cash inflow or cash outflow from operating act