Where do dividends paid by a subsidiary to the parent company appear in a consolidated statement of cash flows

Where do dividends paid by a subsidiary to the parent company appear in a consolidated statement of cash flows?

A) Cash flows from operating activities.

B) Cash flows from investing activities.

C) Cash flows from financing activities.

D) Supplemental schedule of noncash investing and financing activities.

E) They do not appear in the consolidated statement of cash flows.

Answer: E