Use the following codes to indicate how the cash flow effect, if any, of each transaction or event would be reported on a statement of cash flows if the operating activities section is prepared using the indirect method. (Choices may be used more than once.)
-declared cash dividends

Question

Quizplus · Accepted Answer

Declared cash dividends do not affect the cash flow statement until they are paid. Therefore, they are not reported on the statement of cash flows when declared.

Use the Following Codes to Indicate How the Cash Flow