On a Statement of Cash Flows Prepared with the Indirect

question 136

Multiple Choice

On a statement of cash flows prepared with the indirect method,financing activities do NOT include:

• A)payment of principal amounts of long-term debt.
• B)payment of interest on long-term debt.
• C)payment of dividends.
• D)sale of treasury stock.

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Definitions:

Shareholder

An individual or entity that owns at least one share of a company's stock, making them a partial owner of the company.

Stakeholder

An individual or entity with an interest or concern in a business or project, potentially affected by its outcomes.

Milton Friedman

Milton Friedman was an American economist known for his strong belief in free-market capitalism and for his influential works in the fields of economics and economic policy.

Social Responsibility

The idea that businesses should contribute to the welfare of society and not be solely focused on maximizing profits.