Which of the following statements about financing activities is not correct?
A. When a company issues stock for cash, it reports a cash inflow from financing activities.
B. Cash dividends paid to a company's stockholders are reported as cash outflows from financing activities.
C. When a company repays a loan, it reports a cash inflow from financing activities.
D. When a company repurchases stock with cash, it reports a cash outflow for financing activities.
Answer: C
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Which of the following should be deducted from net income in calculating net cash flow from operating activitiesusing the indirect method?
a. depreciation expense b. gain on sale of land c. a loss on the sale of equipment d. dividends declared and paid
__________is when a product or company attempts to give the impression of environmental friendliness whether or not it is environmentally friendly
Fill in the blanks with correct word.
Establishing a sole proprietorship generally requires the owner to get a charter from the state government.
Answer the following statement true (T) or false (F)
Employment legislation during the 1930s included which of the following Acts:
A) FLSA, FUTA, and FICA. B) ADEA, Davis-Bacon Act, and FLSA. C) Walsh-Healey Act, FICA, and ERISA. D) FUTA, ADA, and FLSA.