Which of the following statements is true?
A) Investment in another company's common stock is classified as a cash outflow from financing activities on the Statement of Cash Flows.
B) Repayment of long-term debt is classified as a cash outflow from investing activities on the Statement of Cash Flows.
C) Losses on the sale of long-term assets are an adjustment reported in the operating activities section of the Statement of Cash Flows under the indirect method.
D) Dividends paid are classified as a cash outflow from operating activities on the Statement of Cash Flows.
Correct Answer:
Verified
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