Which of the following statements is correct? A. The payment of a cash dividend reduces net income. B. Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows. C. Providing services to a customer on account does not impact net income. D. The purchase of manufacturing equipment is reported within the statement of cash flows as a financing activity.
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Home » Business » Which of the following statements is correct? A. The payment of a cash dividend reduces net income. B. Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows. C.