Which of the following statements is true?

• Investment in another company's common stock is classified as a cash outflow from financing activities in the statement of cash flows.

• Repayment of long-term debt is classified as a cash outflow from investing activities in the statement of cash flows.

• Losses on the sale of long-term assets are an adjustment reported in the operating activities section of the statement of cash flows under the indirect method.

• Dividends paid are classified as a cash outflow from operating activities in the statement of cash flows.