If Cash Dividends of $135,000 Were Paid During the Year

question 124

True/False

If cash dividends of $135,000 were paid during the year and the company sold 1,000 shares of common stock at $30 per share, the statement of cash flows would report net cash flow from financing activities as $165,000.

---

Definitions:

Analytical Reports

Detailed documents that present data analysis, interpretations, and often recommendations based on that analysis.

Informational Reports

Documents or presentations that provide facts, data, and analysis without necessarily including recommendations or conclusions.

Report Format

A structured layout for presenting information in a written document, often including sections like introduction, body, and conclusion.

Intended Audience

The specific group of people a message, product, or service is aimed at reaching.