Which of the following statements is true?   Select one: a. Dividends paid are classified as a cash outflow from operating activities in the statement of cash flows b. Losses on the sale of long-term assets are an adjustment reported in the operating activities section of the statement of cash flows under the indirect method c. Repayment of long-term debt

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Which of the following statements is true?


 

Select one:
a. Dividends paid are classified as a cash outflow from operating activities in the statement of cash flows
b. Losses on the sale of long-term assets are an adjustment reported in the operating activities section of the statement of cash flows under the indirect method
c. Repayment of long-term debt is classified as a cash outflow from investing activities in the statement of cash flows
d. Investment in another company's common stock is classified as a cash outflow from financing activities in the statement of cash flows
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