Matching
Classify the following activities according to the appropriate section of the statement of cash flows.
Premises:
Cash received from a one-time sale of used office equipment.
Cash paid for withdrawals by owners.
Cash received from customers.
Cash received from owner contributions.
Cash paid for utilities.
Cash paid for a delivery van to be used in the business.
Responses:
Operating activity
Investing activity
Financing activity
Correct Answer:
Premises:
Responses:
Cash received from a one-time sale of used office equipment.
Cash paid for withdrawals by owners.
Cash received from customers.
Cash received from owner contributions.
Cash paid for utilities.
Cash paid for a delivery van to be used in the business.
Premises:
Cash received from a one-time sale of used office equipment.
Cash paid for withdrawals by owners.
Cash received from customers.
Cash received from owner contributions.
Cash paid for utilities.
Cash paid for a delivery van to be used in the business.
Responses:
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