You Would Find the Payment of Dividends in the Statement

question 62

Multiple Choice

You would find the payment of dividends in the statement of cash flow under:

• A)cash flows from operating activities.
• B)cash flows from investing activities.
• C)cash flows from financing activities.
• D)cash flows from purchasing activities.
• E)cash flows from selling activities.

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Definitions:

Receivables

Amounts owed to a company by its customers for goods or services provided on credit.

Net Float

The difference between checks written against a bank account and those that have been deposited but not yet cleared, affecting the balance.

Chequing Account

A bank account allowing the account holder to withdraw funds, write checks, and use electronic debit to access funds.

Cheque

A cheque is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.