10. Identify the following transactions as being recorded in the operating, inve
ID: 2587349 • Letter: 1
Question
10. Identify the following transactions as being recorded in the operating, investing, or financing sections of the cash flow statement. If the transaction is NONCASH identify as noncash. a. Collection of notes receivable b. Purchase of equipment with cash c. Exchange of long-term assets d. Decrease in AV/P e. Payment of dividends f. Purchase of a patent with cash g. Depreciation expense h. Decrease in A/R i. Issuance of Note Payable for cash j. Increase in inventory k. Issuance of Bonds I. Payment of income taxes m. Payment of long-term note payable n. Sale of treasury stock o. Sale of land for cash p. Purchase of long-term assets by issuing debt q. Issuance of Common StockExplanation / Answer
Answer:
No.
Description
Section
a.
Collection of Notes Receivable
Investing Activities
b.
Purchase of Equipment with Cash
Investing Activities
c.
Exchange of Long-Term Assets
Non-cash Activity
d.
Decrease in Accounts Payable
Operating Activities
e.
Payment of Dividends
Financing Activities
f.
Purchase of a Patent with Cash
Investing Activities
g.
Depreciation Expense
Operating Activities
h.
Decrease in Accounts Receivable
Operating Activities
i.
Issuance of Notes Payable for Cash
Financing Activities
j.
Increase in Inventory
Operating Activities
k.
Issuance of Bonds
Financing Activities
l.
Payment of Income Taxes
Operating Activities
m.
Payment of Long-Term Note Payable
Financing Activities
n.
Sale of Treasury Stock
Financing Activities
o.
Sale of Land for Cash
Investing Activities
p.
Purchase of Long-Term assets by issuing Debt
Non-Cash Activity
q.
Issuance of Common Stock
Financing Activities
No.
Description
Section
a.
Collection of Notes Receivable
Investing Activities
b.
Purchase of Equipment with Cash
Investing Activities
c.
Exchange of Long-Term Assets
Non-cash Activity
d.
Decrease in Accounts Payable
Operating Activities
e.
Payment of Dividends
Financing Activities
f.
Purchase of a Patent with Cash
Investing Activities
g.
Depreciation Expense
Operating Activities
h.
Decrease in Accounts Receivable
Operating Activities
i.
Issuance of Notes Payable for Cash
Financing Activities
j.
Increase in Inventory
Operating Activities
k.
Issuance of Bonds
Financing Activities
l.
Payment of Income Taxes
Operating Activities
m.
Payment of Long-Term Note Payable
Financing Activities
n.
Sale of Treasury Stock
Financing Activities
o.
Sale of Land for Cash
Investing Activities
p.
Purchase of Long-Term assets by issuing Debt
Non-Cash Activity
q.
Issuance of Common Stock
Financing Activities
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