On a cash flow statement prepared using the indirect method, which is not reported as an operating activity?
A)Interest expense
B)Interest revenue
C)Proceeds from the sale of equipment
D)Dividend revenue

Question

Quizplus · Accepted Answer

Proceeds from the sale of equipment are reported as investing activities on a cash flow statement prepared using the indirect method. A) Interest expense is reported as an operating activity. B) Interest revenue and D) Dividend revenue are also reported as operating activities.

On a Cash Flow Statement Prepared Using the Indirect Method