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Indicate the Section in Which Each of the Following Would

Question 160

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Indicate the section in which each of the following would be reported on the statement of cash flows prepared by the indirect method.

Premises:
Payment of cash dividends
Retirement of long-term debt
Sale of fixed assets
Net income
Sale of common stock
Distribution of stock dividends
Payment of interest expense
Receipt of interest revenue
Purchase of fixed assets
Gain on sale of fixed assets
Responses:
none
financing activities
operating activities
investing activities

Correct Answer:

Payment of cash dividends
Retirement of long-term debt
Sale of fixed assets
Net income
Sale of common stock
Distribution of stock dividends
Payment of interest expense
Receipt of interest revenue
Purchase of fixed assets
Gain on sale of fixed assets
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