Lincoln Company engaged in this transaction: Declared and issued the required dividend on preferred stock.
Indicate which section,if any,the above transaction would appear in,or relate to,on a statement of cash flows.
A)Financing activities section.
B)Operating activities section.
C)Does not represent a cash flow.
D)Investing activities section.

Question

Quizplus · Accepted Answer

The declaration and issuance of a dividend on preferred stock is a financing activity and would be included in the financing activities section of the statement of cash flows.

Lincoln Company Engaged in This Transaction: Declared and Issued the Required