Which of the following characteristics does NOT apply to cash equivalents? O a. readily convertible into cash Ob highly sensitive to interest rate changes Oc. short term Od highly liquid Typical cash payments classified under investing activities include all of the following payments EXCEPT O a payments to provide loans to other companies ob. payments to employees for services. payments to purchase property, plant and equipment Od payments to purchase debt or equity investments In the direct method cash payments to employees would include the salary expense reported in the income statement plus any decrease during the period in salaries payabim. Select one o true Fale A comparative balance sheet is required in order to prepare a cash flow statement Select one: O True O False