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Select the Section (Operating Activities, Investing Activities, Financing Activities, or None)

Question 124

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Select the section (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method:

Premises:
Sale of fixed assets
Net income
Sale of capital stock
Gain on sale of fixed assets
Payment of cash dividends
Distribution of stock dividends
Retirement of long-term debt
Receipt of interest revenue
Payment of interest expense
Purchase of fixed assets
Responses:
investing activities
none
financing activities
operating activities

Correct Answer:

Sale of fixed assets
Net income
Sale of capital stock
Gain on sale of fixed assets
Payment of cash dividends
Distribution of stock dividends
Retirement of long-term debt
Receipt of interest revenue
Payment of interest expense
Purchase of fixed assets
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