3) All of the following activities would be included in a company's operating activities except

A) payments to employees.

B) payment to a local government for property taxes.

C) payment to suppliers.

D) payment to the bank to reduce loan balance.

E) payment to landlord for rent.

4) All of the following would be included in a company's financing activities except

A) receipt of dividends.

B) payment of dividends.

C) issuing stock.

D) purchase of treasury stock.

E) issuing bonds.