Which of the following is NOT a section of a cash flow statement?

The cash flow statement is structured into three primary sections: Operating Activities, Investing Activities, and Financing Activities. Each of these sections serves a specific purpose in detailing the cash inflows and outflows associated with different aspects of a company's operations.

Operating Activities include the cash transactions related to the core business operations, such as receipts from sales and payments to suppliers and employees. Investing Activities cover cash transactions for the acquisition and disposal of long-term assets, like property, plant, equipment, and investments in other companies. Financing Activities pertain to cash movements related to borrowing and repaying debt, issuing stock, and paying dividends.

Administrative Activities, however, is not recognized as a standalone section within the cash flow statement. While administrative expenses are a part of the Operating Activities section, the term "Administrative Activities" itself is not defined as an independent category in accounting standards for cash flow statements. Thus, this choice does not accurately reflect a component of the cash flow statement format.