Which of the following is NOT a component of the statement of cash flows?

The statement of cash flows is structured around three main components: operating activities, investing activities, and financing activities. Each of these sections provides insights into different aspects of a company’s cash management.

Operating activities refer to the cash transactions involved in the day-to-day operations of a business, including revenues and expenses. Investing activities encompass cash flows resulting from the purchase and sale of physical and financial investments. Financing activities include cash flows related to transactions with the company's owners and creditors, such as issuing shares or borrowing funds.

The term "tax activities" is not recognized as a standalone category within the statement of cash flows. While taxes are involved in operating activities, they do not represent a distinct component. As such, the statement of cash flows does not specifically categorize cash flows related to taxes as a separate section, thus making "tax activities" the correct choice as not being a component of the statement of cash flows.