5. Assuming the indirect method is used, which of the following statements is most accurate

Asuming the indirect method is used, which of the following statements is most accurate? a. The declaration of dividends by the Board of Directors is classified as a financing activities cash calm. b. A reduction in accounts payable from the previous period represents an operating activities cash outfio. c. The proceeds received from the divestiture of a business are classified as a financing activities cash Financial Area