Use the following information for questions.
Ingles Corp., a private company reporting under ASPE, engaged in the following transactions. For each transaction, indicate where, if at all, it would be classified on the statement of cash flows.
-Declaration and issue of a stock dividend:
A) operating activities section
B) investing activities section
C) financing activities section
D) does not represent a cash flow

Question

Quizplus · Accepted Answer

A stock dividend does not involve the outflow or inflow of cash, so it does not appear on the statement of cash flows.

Use the Following Information for Questions