Which of the following would be reported in the operating,investing,or financing sections of the statement of cash flows prepared under the indirect method?
A) Declaration of an unpaid cash dividend
B) Acquisition of a factory warehouse by issuing long-term debt
C) Gain on the sale of cash equivalents
D) Write-off of an uncollectible account receivable

Question

Quizplus · Accepted Answer

A gain on the sale of cash equivalents would be reported in the operating section of the statement of cash flows under the indirect method, as it is an adjustment to net income.

Which of the Following Would Be Reported in the Operating,investing,or