Which of the following is correct when preparing a statement of cash flows using the indirect method ?

Proceeds from the sale of equipment should be added to net income in the operating activities section.

A loss on the sale of land should be added to net income in the operating activities section.

The declaration of a cash dividend should be a use of cash in the financing activities section.

The issuance of a stock dividend should be a use of cash in the financing activities section.

The purchase of land and a building by issuing a long-term note payable should be a source of cash in the financing activities section.