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Assuming use of the direct approach for preparing a statement of cash flows, which of the following would be most likely reported as a line

Assuming use of the direct approach for preparing a statement of cash flows, which of the following would be most likely reported as a line item in the "operating activity" section?

A. Dividends paid to shareholders.

B. Cash paid for taxes.

C. Proceeds from issuing capital stock.

D. A reduction in inventory levels.

E. None of these.

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