Transactions and events that affect net income such as the production and purchase of inventory, the sale of goods and services to customers, and expenditures to run a business are classified as: Multiple Choice Financing activities Investing activities O Operating activities Direct activities Indirect activities Which of the following statements related to the preparation of the statement of cash flows is false? Multiple Choice O A company may report cash flows from operating activities using either the direct or indirect method. O Interest expense may be reported under operating activities or financing activities based on which one results in better cash flows, O Cash dividends paid to shareholders are classified as a financing activity O Purchase of an intangible asset is classified as an investing activity Repaying the principal of long-term notes payable is classified as a financing activity