Mach each cash flow to the section of the Statement of Cash Flows in which it wo
ID: 2408371 • Letter: M
Question
Mach each cash flow to the section of the Statement of Cash Flows in which it would appear.
Payment of Long-Term Debt
Issuance of Stock to Acquire Land
Collection of Accounts Receivable
Sale of Available-for-Sale Securities (Long Term)
Payment of Employees' Wages
Issuance of Common Stock for Cash
Payment of Income Taxes Payable
Purchase of Equipment
Purchase of Treasury Stock (Common)
Cash Provided/Used by Financing Activities
Cash Provided/Used by Investing Activities
Cash Provided/Used by Operating Activities
Not a Cash Flow
Payment of Long-Term Debt
Issuance of Stock to Acquire Land
Collection of Accounts Receivable
.Sale of Available-for-Sale Securities (Long Term)
Payment of Employees' Wages
Issuance of Common Stock for Cash
Payment of Income Taxes Payable
Purchase of Equipment
Purchase of Treasury Stock (Common)
1.Cash Provided/Used by Financing Activities
2.Cash Provided/Used by Investing Activities
3.Cash Provided/Used by Operating Activities
4.Not a Cash Flow
Explanation / Answer
Payment of Long-Term Debt - Cash Used by Financing Activities
Issuance of Stock to Acquire Land - Not a Cash Flow
Collection of Accounts Receivable - Cash Provided by Operating Activities
Sale of Available-for-Sale Securities (Long Term) - Cash Provided by Operating Activities
Payment of Employees' Wages - Cash Used by Operating Activities
Issuance of Common Stock for Cash- Cash Provided by Financing Activities
Payment of Income Taxes Payable- Cash Used by Operating Activities
Purchase of Equipment – Cash Used by Investing Activities
Purchase of Treasury Stock (Common) - Cash Used by Financing Activities
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