Quiz 21.93 – Identifying Non-Cash Inflows in Financing Activities
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Among the following options, which one is not classified as a cash inflow in financing activities?
Among the following options, which one is not classified as a cash inflow in financing activities?
In 2021, Red Manufacturing Company received a $50 million cash dividend from Blue Supply Company, of which it owns 40% of the outstanding common stock. What impact did this dividend have on Red’s statement of cash flows for the year?