While repaying principal on long-term debt is reported as part of cash flows from financing activities, repaying principal on short-term debt (notes payable) is reported as part of cash flows from operating activities.

True

False

Which of the following transactions does not result in either a cash inflow or a cash outflow?

Sale of equipment at book value

Amortization of a patent

Payment of a cash dividend

A company purchased some of its own stock from a stockholder