nu I 150% Sat 11:00 AM 9. Royer Corporation engaged in this transaction: Retired long-term debt with cash, Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows. Investing activities section Financing activities section Operating activities section Does not represent a cash flow Question 10 10 pts 10. If a capital expenditure is incorrectly recorded on a company's book as a revenue expenditure, which of the following statements will be true? Net income will be overstated for the year. Net income in the following year will be understated, Total assets will be understated at year end. Stockholders' equity will be overstated at year end