Which of the following activities is NOT reported in the statement of cash flows?

The statement of cash flows is designed to provide detailed information about the cash inflows and outflows of a business over a specific period. It categorizes these cash flows into three primary activities: operating, investing, and financing activities.

Operating activities include the cash transactions related to the normal course of business operations, such as receipts from sales and payments for expenses. Investing activities cover cash transactions for the acquisition and disposal of physical and financial investments, like purchasing equipment or selling securities. Financing activities involve cash transactions related to raising capital or paying off debt, such as issuing stocks or paying dividends.

Management activities, however, are not specifically classified or reported within the statement of cash flows. While management plays a crucial role in overseeing operating, investing, and financing activities, their internal actions or decisions do not directly reflect the cash flow data. Therefore, this activity does not belong in the statement of cash flows, making it the correct choice.