FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Classifying cash flows
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows:
a. Purchase of investments
b. Disposal of equipment
c. Payment for selling expenses
d. Collection of accounts receivable
e. Cash sales
f. Issuance of bonds payable
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- describe how the cash fl ow statement is linked to the income statement and the balance sheetarrow_forwardWhich of the following is reported under the Financing Activities in the Statement of Cash Flow? O Collection of account receivable O Cash payment to suppliers Issuance of bonds payable O Sale of buildingarrow_forwardOn the statement of cash flows, the cash flows from investing activities section would include a.payments for dividends b.payments for the retirement of bonds payable c.receipts from the issuance of common stock d.receipts from the sale of investmentsarrow_forward
- Activity reported in the Financing Activities section of the statement of cash flows would include accounts classified as a.current assets and current liabilities. b.long-term assets and long-term liabilities. c.long-term liabilities and stockholders' equity. d.current liabilities and stockholders' equity.arrow_forwardDefine Net cash provided by operating activitiesarrow_forward
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