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

Question

Quizplus · Accepted Answer

Under the direct method of cash flow statement under ASPE, issuing a stock dividend would be reported in the operating activities section instead of the financing activities section. The other options (paying a cash dividend, issuing common shares, and repurchase of shares) would all be reported in the financing activities section.

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