Matching
Match the following classifications on the statement of cash flows with the events listed below.Unless otherwise indicated,assume payments made or received are for cash.
Premises:
Purchased Trading Securities
Sold Building for cash.
Purchased treasury stock.
Paid a short-term Trade Note Payable.
Borrowed money by signing a 6 month note payable.
Sold merchandise to a customer for cash.
Paid a dividend.
Paid an account payable.
Purchased Land by issuing common stock to owner.
Paid employees salaries.
Responses:
Financing
Noncash Financing and Investing Event
Operating
Not on cash flow statement.
Investing
Correct Answer:
Premises:
Responses:
Purchased Trading Securities
Sold Building for cash.
Purchased treasury stock.
Paid a short-term Trade Note Payable.
Borrowed money by signing a 6 month note payable.
Sold merchandise to a customer for cash.
Paid a dividend.
Paid an account payable.
Purchased Land by issuing common stock to owner.
Paid employees salaries.
Premises:
Purchased Trading Securities
Sold Building for cash.
Purchased treasury stock.
Paid a short-term Trade Note Payable.
Borrowed money by signing a 6 month note payable.
Sold merchandise to a customer for cash.
Paid a dividend.
Paid an account payable.
Purchased Land by issuing common stock to owner.
Paid employees salaries.
Responses:
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