Financing activities include (a) the purchase and sale of non-current assets, (b) the purchase and sale of trading investments, and (c) lending and collecting on loans. True or False True False If taxes payable increased this year over last year's ending balance, cash payments to the government this year would be Multiple Choice 51:42 ed C) Equal to tax expense for the period O C) Greater than tax expense for the period O ( ) Less than tax expense for the period O O C) Not enough information to determine