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In the year 20X5, Ben Smith Corporation declared and paid $20,000 cash dividends to its preferred stockholders. In the statement of cash flows, Ben Smith
In the year 20X5, Ben Smith Corporation declared and paid $20,000 cash dividends to its preferred stockholders. In the statement of cash flows, Ben Smith will show this amount as an outflow for a(n):
a) operating activity.
b) investing activity.
c) financing activity.
d) contingent activity.
e) brand building activity.
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