In a statement of cash flows, the payment of a cash dividend on common stock outstanding should be classified as cash outflows for

A) operating activities
B) investing activities
C) lending activities
D) financing activities

Cash Outflows

Money going out of a business for any expense, investment, or payment.

Financing Activities

Transactions involving raising capital and repaying it to owners, including issuing equity, settling loans, and paying dividends.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership interest in a corporation.