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Identify the section of the statement of cash flows where each of the following

ID: 2350351 • Letter: I

Question


Identify the section of the statement of cash flows where each of the following would be reported.

Match each of these to the following below:
A. Operating activities
B. Financing activities
C. Investing activities
D. Schedule of non-cash financing and investing

1.) Increase in income taxes payable


2.) Dividends received on investment


3.) Sale of machinery held for use by the company


4.) Issuance of bond payable


5.) Purchase of the stock of another company as investment


6.) Decrease in inventory


7.) Exchange of land for note payable


8.) Payment of dividends to stockholders


9.) Increase in accounts receivable


10.) Loss on sale of equipment

Explanation / Answer

1- A. Operating activities 2- C. Investing activities 3- C. Investing activities 4- B. Financing activities 5- C. Investing activities 6- A. Operating activities 7- B. Financing activities 8- B. Financing activities 9- A. Operating activities 10- A. Operating activities

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