Under ASPE all of the following would be reported in the financing activities section under the direct method statement of cash flows except: A) paying a cash dividend B) repurchase of shares C) issuing common shares D) issuing a stock dividend

Question

Quizplus · Accepted Answer

Under ASPE, issuing a stock dividend would be reported in the financing activities section under the indirect method statement of cash flows, not the direct method. The other options (paying a cash dividend, repurchasing shares, and issuing common shares) would all be reported in the financing activities section under the direct method.

Under ASPE All of the Following Would Be Reported in the Financing