Which of the following statements is true?

a) Stock dividends and stock splits are included in the financing activities section of the statement of cash flow.

b) Growing companies normally expect cash flows from investing activities to be negative.

c) Investing activities section activities result from the primary function of the business.

d) Investors prefer to see a net outflow of cash from operating activities from year to year.

e) In years when a large dividend is distributed or debt is settled, the net figure for financing activities is more likely to be positive.