B is corrent. Payments to retire mortgage notes are considered cash outflows from financing activities. Interest payments on mortgage notes are included in cash outflows from operating activities because these payments are included in the determination of net income. Dividend payments are included in cash outflows from financing activities. A is incorrect. Payments to retire mortgage notes are considered cash outflows from financing activities. Interest payments on mortgage notes are included in cash outflows from operating activities because these payments are included in the determination of net income. Dividend payments are included in cash outflows from financing activities. C is incorrect. Payments to retire mortgage notes are considered cash outflows from financing activities. Interest payments on mortgage notes are included in cash outflows from operating activities because these payments are included in the determination of net income. Dividend payments are included in cash outflows from financing activities. D is incorrect. Payments to retire mortgage notes are considered cash outflows from financing activities. Interest payments on mortgage notes are included in cash outflows from operating activities because these payments are included in the determination of net income. Dividend payments are included in cash outflows from financing activities.
