TB MC Qu. 12-160 All of the following statements... All of the following statements related to preparation of the statement of cash flows are true except Multiple Choice 0 Purchase of an intangible asset is classified as an investing activity. 0 Repaying the principal of notes payable is classified as a financing activity. 0 Cash dividends paid to shareholders are classified as a financing activity O A company may report cash flows from operating activities using either the direct or indirect method. 0 Interest expense may be reported under operating or financing based on which one results in better cash flows