Treasury Stock is normally reported as: A reduction of total stockholders' equity. An asset account. A liability account. An expense account. The Statement of Cash Flows: Lists all cash flows over the life of a company. Breaks down all cash transactions into investing and financing cash flows. Shows that the change in total cash from one year to the next is equal to the net operating, investing, and financing cash flows. Has two methods for investing cash flows - direct and indirect. The purchase of land is classified in the statement of cash flows as a(n): Operating activity. Investing activity. Financing activity. Noncash activity. The issuance of notes payable for borrowing is classified in the statement of cash flows as a(n): Operating activity. Investing activity. Financing activity. Noncash activity. Under what section of the Statement of Cash Flows would you classify dividends paid on common stock? Operating. Investing. Financing. Noncash activity. Under what section of the Statement of Cash Flows would you classify the purchase of equipment by issuing a long-term note payable? Operating. Investing. Financing. Noncash activity