Which Statement Is Not True

Which statement is not true?

A) Salaries expense + Decrease in salaries payable = Cash payments to employees
B) Other revenues + Increase in unearned revenues - Gains on disposal of assets - Equity investment income = Other operating cash receipts
C) Sales revenue - Increase in accounts receivable = Cash collections from customers
D) Other expenses + Decrease in prepaid expenses - Depreciation expense + Losses on disposal of assets - Equity investment loss = Other operating cash payments

Correct Answer:

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