CMA Study Group

  • 1.  Cash flow statement

    Posted 9 days ago
    Hi Can anyone explain to me why is the dividend declared and paid in 2017 included in the cash flow (financing) activities for the below question. The question and answer are copied below. Please also explain why does decrease in accounts payable added to COGS and why does decrease in Inventories deducted from COGS for direct cash flow computation. Similarly for operating expenses. increase in opex is added. The question and answer from Wiley book are copied below. Please clarify. 
    Thanks and regards
    Daliya 

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