Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Cash Flow 1. Issued preferred stock for cash. 2. Paid long-term debt with cash. 3. Issued common stock for cash. 4. Paid cash for wages and salaries. 5. Received cash interest on a note. 6. Paid cash for property taxes on building. 7. Paid cash for utilities. 8. Paid cash for rent. 9. Paid cash for a building. 10. Purchased inventories with cash. Activity Financing Operating Investing

Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Cash Flow 1. Issued preferred stock for cash. 2. Paid long-term debt with cash. 3. Issued common stock for cash. 4. Paid cash for wages and salaries. 5. Received cash interest on a note. 6. Paid cash for property taxes on building. 7. Paid cash for utilities. 8. Paid cash for rent. 9. Paid cash for a building. 10. Purchased inventories with cash. Activity Financing Operating Investing

Name: 1 Classify the following cash flows as either operating, investing, or
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Description: 1 Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method.Cash Flow1. Issued preferred stock for cash.2. Paid long-term debt with cash.3. Issued common stock for cash.4. Paid cash for wa

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 1CE

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Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Cash Flow Activity 1. Paid cash for property taxes on building. 2. Received cash dividends from investments. 3. Paid accounts payable with cash. 4. Sold stock investments for cash. Operating 5. Paid cash for a building. Investing 6. Cash paid to purchase investments. Financing 7. Received cash from long-term debt issuance. 8. Issued preferred stock for cash. 9. Issued common stock for cash. 10. Purchased inventories with cash.
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