Companies with many employees rarely use a special payroll bank account from which to pay employees.

A transaction that decreases a liability and increases an asset must also affect one or more other accounts.

In a double-entry accounting system, the total dollar amount debited must always equal the total dollar amount credited.

Which of the following is included in the cash flows from financing activities section of the statement of cash flows?

Most managers stress the importance of understanding and predicting cash flows for business decisions.

External users include lenders, shareholders, customers, and regulators.

On a trial balance, if the Debit and Credit column totals are equal, then:

A transaction that decreases a liability and increases an asset must also affect one or more other accounts.

Long-term investments can include land held for future expansion.

Which of the following is included in the cash flows from financing activities section of the statement of cash flows?