Part c) The dividends payable account is not included in the Cash Flow fromOperating Activities section above, please explain why.

Dividend payable account isn't shown in operating activities on the cash flow statement for two…

Answered: Part c) The dividends payable account…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

Does the statement of cash flows report only transactions that cause an increase or a decrease in cash? Explain.
Intermediate Accounting 105 What is the purpose of a statement of cash flows? How does it differ from a balance sheet and an income statement? Please provide GAAP concept and own explanation / example.
Which of the following sections of the statement of cash flows include activities that increase and decrease long-term assets? the investing activities section Should not be reported on cash flow statement OO the financing activities section the operating activities section
With regard to cash dividends, an entry is not made on the A.date or payment and date of declaration. B.date of record. C.date of declaration. D.date of payment.
The section in the statement of cash flows for reporting the receipt of cash from dividend revenue is: Multiple Choice O Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows.
The statement of cash flows is normally a required basic financial statement for each period for which an earnings statement is presented. The statement should include a separate schedule listing the financing and investing activities not involving cash. Required: What are financing and investing activities not involving cash? What are two types of financing and investing activities not involving cash? Explain what effect, if any, each of the following seven items would have on the statement of cash flows. accounts receivable inventory depreciation deferred tax liability issuance of long-term debt in payment for a building payoff of current portion of debt sale of a fixed asset resulting in a loss or gain
Which of the following would not be on the statement of cash flow? A. Cash flows from operating activities B. Cash flows from financing activities C. Cash flows from Contingent activities D. Cash flows from investing
When calculating the cash flows from operating activities which of thefollowing statements is true?a) The tax paid should be deductedb) The interest payable should be deductedc) The tax paid should be addedd) None of the above
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Part c) The dividends payable account is not included in the Cash Flow from Operating Activities section above, please explain why.