Multiple Choice
Trident Corporation had the following cash flows in the current year. Which of the following will be categorized under the financing activities section of the statement of cash flows?
A) Rent on a warehouse amounting to $1.1 million
B) Purchase of $125,000 worth of five-year bonds issued by Towson Utilities
C) Preferred dividends of $330,000 paid to shareholders
D) Lease income received on a piece of land
Correct Answer:
Verified
Correct Answer:
Verified
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