On a statement of cash flows,which is NOT considered a financing activity?
A)Paid income taxes
B)Proceeds from long-term debt
C)Repayment of long-term debt
D)Paid dividends

Question

Quizplus · Accepted Answer

Paid income taxes are considered an operating activity, as they are expenses related to the normal operations of the business. Financing activities involve transactions related to long-term debt, equity, and dividend payments. Choices B, C, and D are all financing activities.

On a Statement of Cash Flows,which Is NOT Considered a Financing