Operating, Investing, and Financing Activities Affect Certain Balance Sheet Accounts

Multiple Choice

Operating, investing, and financing activities affect certain balance sheet accounts.Which of the following statements is true?

A) Operating activities primarily involve transactions which affect noncurrent assets.
B) Investing activities primarily involve U.S.government securities and long-term productive assets.
C) Financing activities primarily involve transactions which affect current liabilities.
D) Different balance sheet accounts are affected depending on whether the direct or indirect method is used.