Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows.
a. Purchase of investments
b. Disposal of equipment
c. Payment for selling expenses
d. Collection of accounts receivable
e. Cash sales
f. Issuance of bonds payable
Answer:
a. Investing
b. Investing
c. Operating
d. Operating
e. Operating
f. Financing
Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts
Monday, September 23, 2019
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows.
a. Payment of accounts payable
b. Payment for administrative expenses
c. Purchase of land
d. Issuance of common stock
e. Retirement of bonds payable
f. Cash received from customers
Answer:
a. Operating
b. Operating
c. Investing
d. Financing
e. Financing
f. Operating
a. Payment of accounts payable
b. Payment for administrative expenses
c. Purchase of land
d. Issuance of common stock
e. Retirement of bonds payable
f. Cash received from customers
Answer:
a. Operating
b. Operating
c. Investing
d. Financing
e. Financing
f. Operating
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