Under the direct and indirect methods of preparing the statement of cash flows, cash receipts from financing activities include:
A)sale of plant assets.
B)selling treasury stock.
C)issuing common stock for cash.
D)both B and C.

Question

Quizplus · Accepted Answer

Cash receipts from financing activities include selling treasury stock and issuing common stock for cash. Sale of plant assets is a cash inflow from investing activities, not financing activities.

Under the Direct and Indirect Methods of Preparing the Statement