A system is an interrelated set of business procedures used by one business unit, working together for a purpose

The only part that differs in a statement of cash flows prepared by the direct method from one prepared by the indirect method is the ________

A) financing activities section B) investing activities section C) operating activities section D) non-cash investing and financing activities section

In the case of liquidation, bondholders are paid first, followed by preferred stockholders, followed by common stockholders

Indicate whether the statement is true or false