On the cash flow statement, the: options: Annual depreciation expense is subtracted under "cash flows from operating activities" Repayment of the current portion of long-term liabilities, such as notes payable, is reported under "cash flows from operating activities" Full purchase price of a capital asset is reported under "cash flows from investing activities" even if the capital asset depreciated during the fiscal year Presentation of a negative net cash flow under "cash flows from investing activities" always represents a financial concern Sale of stock and bonds are reported as "cash flows from financing activities