Which of the following is  not correct about the statement of cash flows?     A purchase of equipment is classified as a cash outflow from investing activities.     Cash dividends paid are classified as cash flows from operating activities.     Cash dividends received on stock investments are classified as cash flows from operating activities.     Paying dividends to investors creates a cash outflow from financing activities.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 16CE
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Which of the following is  not correct about the statement of cash flows?
   
A purchase of equipment is classified as a cash outflow from investing activities.
   
Cash dividends paid are classified as cash flows from operating activities.
   
Cash dividends received on stock investments are classified as cash flows from operating activities.
   
Paying dividends to investors creates a cash outflow from financing activities.
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