
 Originally Posted by 
gotta be one
					
				 
				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)
			
		 
	 
 You must be a UOP student, as I have both the same problems you have posted as an assignment.
I noticed two things that should be changed:
Number 9 you say . Cash payments for taxes is a financing activity. It should actually be an operating activity. Chapter 2 of Albrecht (where these problems are) states that operating activities include taxes. Therefore, OA would be correct.
Number 10 says 10. Cash proceeds from sale of property no longer needed as expansion site financing activities (FA)... however, as with all property issues, this is an investment activity. Review albrecht chapter 2, pages 44-45 for explanation. Hope this helps! :)