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1. Cash flows from financing activities do not include: A) cash received from issuing preferred stock....

1. Cash flows from financing activities do not include:

A) cash received from issuing preferred stock.

B) cash paid for treasury stock.

C) declaration of a cash dividend.

D) repayment of a bank loan.

2.Which of the following is not reported as an adjustment to net income when using the indirect method of computing net cash flows from operating activities?

A) Cash dividends paid.

B) A change in accounts receivable.

C) Depreciation.

D) A change in a prepaid expense.

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Answer #1

Answer 1

C) declaration of a cash dividend

Explanation:

Declaration of cash dividend does not result in cash outflow.

It results in current liability.

Hence, it is not included in Financing activities

Payment of dividend will be included in Financing activities.

Answer 2

A) Cash dividends paid.

Explanation:

Cash Dividend paid is shown in Financing activity and is not shown in Operating activity.

Dividend declared is shown as adjustment in operating activities.

In case of any doubt, please comment.

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