Which of the following is reported as a financing activity on the statement of cash flows?
A. The sale of securities classified as available for sale.
B. The acquisition of stock for the purpose of retiring it.
C. The payment of interest on bonds payable.
D. The receipt of dividend revenue.
Answer:B
Which of the following is reported as a financing activity on the statement of cash flows?
A. The sale of securities classified as available for sale. B. The acquisition of stock for the purpose of retiring it. C. The payment of interest on bonds payable. D. The receipt of dividend revenue.