On a statement of cash flows prepared by using the direct method,cash receipts from interest and dividends are classified as:
A)operating activities.
B)investing activities.
C)financing activities.
D)noncash activities.

Question

Quizplus · Accepted Answer

Cash receipts from interest and dividends are considered to be operating activities, as they are part of the company's normal business operations.

On a Statement of Cash Flows Prepared by Using the Direct