Given Below Is a List of Events: 1

Given below is a list of events: 1. payment of employee wages
2) cash collections from customers
3) sale of capital stock
4) sale of land, at cost
5) payment of a cash dividend
6) borrow cash from creditors
7) purchase of equipment
8) cash sale of inventory
9) purchase inventory on account
Which of the above events are outflows in the financing section of the statement of cash flows?

A) 3 and 6
B) 5 and 7
C) only 5
D) 3 and 5