Which of the following statements is true? 1. Investing activities on the statement of cash flows generate cash inflows and outflows related to borrowing from and repaying principal to creditors and completing transactions with the company's owners such as selling or repurchasing shares of common stocks and peying dividends I. Cash received from the sale of equipment the company had used in its own operations would be considered an operating activity on a statement of cash flows Multiple Choice Only statement I is true. Only statement II is true.