The following listed items were found on a recent statement of cash flows for Verizon Communications, Inc.

Question:

The following listed items were found on a recent statement of cash flows for Verizon Communications, Inc. For each item, indicate which section of the statement should contain the item—the operating, investing, or financing section. Also, indicate whether Verizon uses the direct or indirect method for reporting cash flows from operating activities.
a. Net income
b. Dividends paid
c. Proceeds from long-term borrowings
d. Capital expenditures
e. Proceeds from sale of
f. Retirements of long-term borrowings
g. Change in inventories
h. Depreciation and amortization expense
i. Proceeds from dispositions [of assets]

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...