A cash dividend paid to shareholders is reported on the:
A)Financing activities section of the statement of cash flows.
B)Balance sheet.
C)Income statement.
D)Operating activities section of the statement of cash flows.

Question

Quizplus · Accepted Answer

Cash dividends paid to shareholders are reported in the financing activities section of the statement of cash flows because they represent cash outflows related to the company's financing activities.

A Cash Dividend Paid to Shareholders Is Reported on The