Indicate Whether Each of the Following Statements Regarding the Statement

Short Answer

Indicate whether each of the following statements regarding the statement of cash flows (SCF)is true or false.
_____ a)Purchase of treasury stock would appear in the financing section of the SCF.
_____ b)Purchase of merchandise on account would appear in the operating section of the SCF.
_____ c)Payment of an account payable is an operating activity.
_____ d)Purchase of office supplies for cash would appear in the operating section of the SCF.
_____ e)Declarations of cash dividends would appear in the financing section of the SCF.