The payment of cash dividends,not the declaration,appears as a cash outflow on the cash flow statement.

Name: The payment of cash dividends,not the declaration,appears as a cash outflow on the cash flow statement.
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The actual payment of cash dividends to shareholders represents an outflow of cash, and is recorded as such on the cash flow statement. The declaration of dividends is not a cash transaction and is not reflected on the cash flow statement.

The Payment of Cash Dividends,not the Declaration,appears as a Cash