gotta be one
Sep 4, 2007, 09:47 PM
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
1. Cash receipts from selling merchandise operating activities (OA)
2. Cash payments for wages and salaries investing activities (IA)
3. Cash proceeds from sale of stock financing activities (FA)
4. Cash purchase of equipment investing activities (IA)
5. Cash dividends paid financing activities (FA)
6. Cash received from bank loan investing activities (IA),
7. Cash payments for inventory operating activities (OA),
8. Cash receipts from services rendered investing activities (IA)
9. Cash payments for taxes financing activities (FA)
10. Cash proceeds from sale of property no longer needed as expansion site financing activities (FA)
1. Cash receipts from selling merchandise operating activities (OA)
2. Cash payments for wages and salaries investing activities (IA)
3. Cash proceeds from sale of stock financing activities (FA)
4. Cash purchase of equipment investing activities (IA)
5. Cash dividends paid financing activities (FA)
6. Cash received from bank loan investing activities (IA),
7. Cash payments for inventory operating activities (OA),
8. Cash receipts from services rendered investing activities (IA)
9. Cash payments for taxes financing activities (FA)
10. Cash proceeds from sale of property no longer needed as expansion site financing activities (FA)