Question

Which one of the following is NOT classified as operating activities on statement of cash flows?...

Which one of the following is NOT classified as operating activities on statement of cash flows?

a.Payment of employee salaries b.Payment of cash dividends to shareholders. c.Payment of interest on notes payable. d.Cash interest received from notes receivable.

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Option (b)

Payment of cash dividend to shareholders is not an Operating but Financing activity.

Add a comment
Know the answer?
Add Answer to:
Which one of the following is NOT classified as operating activities on statement of cash flows?...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows...

    A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Investing and Financing Activities NOT affecting cash A list of items that appear on the Cash Flows Statement appear below: Using the letters (A-D), indicate in which section(s) of the statement of cash flows (or accompanying schedule) the preceding items would most likely be classified A Investing and Financing Activities NOT affecting cash B. Cash Flows...

  • Which of the following is classified as a cash flow from operating activities in a statement...

    Which of the following is classified as a cash flow from operating activities in a statement of cash flows? Payment of dividends Receipt of dividends Receipt of cash for loan collection Payment of cash for loan repayment None of the above

  • E 4-12 Statement of cash flows: classifications • L04-8 The statement of cash flows classifies all...

    E 4-12 Statement of cash flows: classifications • L04-8 The statement of cash flows classifies all cash inflows and outflows into one of the three categories shown below and lettered from a through c. In addition, certain transactions that do not involve cash are reported in the state- ment as noncash investing and financing activities, labeled d. a. Operating activities b. Investing activities c. Financing activities d. Noncash investing and financing activities CHAPTER 4 The Income Statement, Comprehensive Income, and...

  • 7. Which of the following would be classified as a financing activity on a statement of...

    7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...

  • The income statement and the cash flows from the operating activities section of the statement of...

    The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. $ 273.2 (179.8) 93.4 (65.7) SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales Cost of goods sold Gross margin...

  • The income statement and a schedule reconciling cash flows from operating activities to net incom...

    The income statement and a schedule reconciling cash flows from operating activities to net income are provided below ($ in millions) for Mike Roe Computers MIKE ROE COMPUTERS Income Statement For the Year Ended December 31, 2018 Sales Cost of goods sold $148.60 89.30 59.30 Gross margin Salaries expense Insurance expense Depreciation expense Interest expense Gains and losses: $18.60 11.60 4.30 5.30 (39.80) Gain on sale of equipment Loss on sale of land 10.60 (1.60 28.50 Income before tax Income...

  • Prepare the cash flows from operating activities section of the statement of cash flows for Myriad...

    Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. 25 points TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2018 (5 in thousands) Cash flows from operating activities Net income Adjustments for noncash effects Depreciation expense Changes in operating assets and abilities Decrease in accounts receivable Increase in inventory Increase in prepaid insurance Decrease in accounts payable Decrease in administrative and other payables...

  • The following schedule relates the income statement with cash flows from operating activities, derived by both...

    The following schedule relates the income statement with cash flows from operating activities, derived by both the direct and indirect methods. The amounts for income statement elements are missing. Cash Flows from Operating Activities Income Statement Indirect Method Direct Method Net income $ ? Adjustments: Sales $ ? Decrease in accounts receivable 14 Cash received from customers $ 644 Cost of goods sold ? Increase in inventory (28 ) Decrease in accounts payable (41 ) Cash paid to suppliers (447...

  • The following schedule relates the income statement with cash flows from operating activities, derived by both...

    The following schedule relates the income statement with cash flows from operating activities, derived by both the direct and indirect methods. The amounts for income statement elements are missing Income Statement 6.66 points $? Sales Cost of goods sold $ 611 Skipped Cash Flows from Operating Activities Indirect Method Direct Method Net income $ ? Adjustments: Decrease in accounts receivable 11 Cash received from customers Increase in inventory (22) Decrease in accounts payable (35) Cash paid to suppliers Increase in...

  • The statement of cash flows for the year ended December 31, 2021, for Bronco Metals is...

    The statement of cash flows for the year ended December 31, 2021, for Bronco Metals is presented below. BRONCO METALS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Collections from customers $ 408,000 Interest on notes receivable 5,100 Dividends received from investments 3,500 Purchase of inventory (197,000) Payment of operating expenses (70,000) Payment of interest on notes payable (9,100) Net cash flows from operating activities Cash flows from investing activities: Collection of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT