On the statement of cash flows prepared under the indirect method,activities that affect stockholders' equity and long-term debt are classified as:
A)operating activities.
B)investing activities.
C)financing activities.
D)free cash flows.

Question

Quizplus · Accepted Answer

Activities that affect stockholders' equity and long-term debt are classified as financing activities on the statement of cash flows prepared under the indirect method. This includes issuing or repurchasing stocks, paying dividends, issuing or repaying long-term debt, and making lease payments.

On the Statement of Cash Flows Prepared Under the Indirect