Question
In: Accounting
Which of the following would NOT be reported in the Operating Section of the Statement of Cash Flows when using the Indirect Method?
Which of the following would NOT be reported in the Operating Section of the Statement of Cash Flows when using the Indirect Method?
Dividends received
Interest paid on a note
Loss on sale of equipment
Dividends paid
Solutions
Expert Solution
Correct answer is Option #4 "Dividends paid" would not be reported under the Operating section of statement of cash flows when using indirect method.
In fact, dividend paid is shown under Financing activities section as a cash outflow.
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Blank # 1
Blank # 2
Blank # 3
Blank # 4
Blank # 5
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