A statement of cash flows and its related disclosure note typically do not report:
A)An acquisition of the use of a building with a lease agreement.
B)The purchase of treasury stock.
C)Stock dividends.
D)Notes payable issued for a tract of land.

Question

Quizplus · Accepted Answer

Stock dividends do not involve any cash payments or receipts and therefore do not affect the statement of cash flows.

A Statement of Cash Flows and Its Related Disclosure Note