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Addams Corporation paid cash dividends totaling $75,000 during its most recent fiscal year.
How should this information be reported on Addam's statement of cash flows?
a.
In operating activities as a source of funds.
b.
In investing activities as a source of funds.
c.
In investing activities as a use of funds.
d.
In financing activities as a source of funds.
e.
In financing activities as a use of funds.
Solution

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Addams Corporation paid cash dividends totaling $75,000 during its m.pdf

  • 1. Addams Corporation paid cash dividends totaling $75,000 during its most recent fiscal year. How should this information be reported on Addam's statement of cash flows? a. In operating activities as a source of funds. b. In investing activities as a source of funds. c. In investing activities as a use of funds. d. In financing activities as a source of funds. e. In financing activities as a use of funds. Solution