All of the following statements related to preparation of the statement of cash flows are true except A. Purchase of an intangible asset is classified as an investing activity.
B. Repaying the principal of notes payable is classified as a financing activity.
C. Cash dividends paid to shareholders are classified as a financing activity
D. A company may report cash flows from operating activities using either the direct or indirect method.
E. Interest expense may be reported under operating or financing based on which one results in better cash flows.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

One stage of the union organizing process involves the legal requirement that at least 30% of the employees in a potential bargaining unit express a desire for union representation by signing union authorization cards.