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Which of the following statements is correct? Transactions between cash and cash equivalents are viewed as cash management activities that do not need to be
Which of the following statements is correct?
- Transactions between cash and cash equivalents are viewed as cash management activities that do not need to be disclosed on the statement of cash flows.
- If a corporation acquires the common stock of another company in December, 2021, with the intention of selling the investment in January, 2022, the acquisition of the investment should be reported as an investing activity on the corporations statement of cash flows for 2021.
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