Dividends paid are sometimes classified as a financing activity.

Exhibit 10 shows that Chico Company paid $ ,000 of dividends in 2012. Enter this amount in Exhibit 11. Then enter the total of the financing activities in Exhibit 11. Note that although it is common to find dividend activity in the financing activities section, such activity is required by Generally Accepted Accounting Principles (GAAP) to be included in the first section—Cash Flows from Operating Activities.