Property dividends distributed are reported in connection with a statement of cash flows as:
A)A financing activity.
B)An investing activity.
C)A noncash activity.
D)Not reported in the statement of cash flows.Property dividends represent a significant noncash investing and financing activity.

Question

Quizplus · Accepted Answer

Property dividends distributed are considered a noncash activity as no actual cash is being transferred. Thus, this activity is reported as a noncash activity in the statement of cash flows.

Property Dividends Distributed Are Reported in Connection with a Statement