How many statement(s) are incorrect:

The concept of economic entity means the distinction between the company and its owners The double part means that for each transaction total debits must be equal to total credits Balance sheet and cash flow from financing activities are connected The income statement is an indicator of the company's solvency

CHOOSE RIGHT ANSWER ONLY:

A company has incurred maintenance costs for a plant. If it decides to capitalize these costs instead of expensing them, what would be the effect on cash flow from operations (indirect method) and cash flow from investing activities during this period? Question options:

No effect on cash flow from operations AND Cash flow from investing would decrease.

Cash flow from operations would increase AND Cash flow from investing would increase.

Cash flow from operations would increase AND Cash flow from investing would decrease.

Cash flow from operations would decrease AND Cash flow from investing would increase.

none of the above