found this matching question. Matching the activities with the correct section in the statement of cash flows. The solution is as below. I am a bit confused, as far as I know, interest paid and dividends received should be recorded in operating activities. The option has an operating choice, but it says choosing operating is not the right answer. I am so confused, or the solutions should pick both answers: operating activities and not separately reported in the statement of cash flows.Can someone help explain this case? Many tha

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 26GI
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I found this matching question. Matching the activities with the correct section in the statement of cash flows. The solution is as below. I am a bit confused, as far as I know, interest paid and dividends received should be recorded in operating activities. The option has an operating choice, but it says choosing operating is not the right answer. I am so confused, or the solutions should pick both answers: operating activities and not separately reported in the statement of cash flows.Can someone help explain this case? Many thanks

(a) Payment of interest on notes payable.
(6) not separately reported in the statement
of cash flows.
Transcribed Image Text:(a) Payment of interest on notes payable. (6) not separately reported in the statement of cash flows.
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