For each of the following items indicate whether it would


For each of the following items, indicate whether it would appear in the operating, investing, or financing activities section of the statement of cash flows or is not reported in one of these three categories. Assume the indirect method is used for reporting.


Operating

Investing

Financing

None

a) Revenue - expenses

________

________

________

________

b) Collection of a cash dividend

________

________

________

________

c) Payment of a dividend previously declared

________

________

________

________

d) Purchase of land in exchange for a long-term note payable

________

________

________

________

e) Issued common stock for cash

________

________

________

________

f) Sale of equipment for cash

________

________

________

________

g) Purchase of a patent for cash

________

________

________

________

h) Sales of a short-term

investment for cash

________

________

________

________

i) Collection of an account

receivable

________

________

________

________

j) Issuance of a stock dividend

________

________

________

________

 

Solution Preview :

Prepared by a verified Expert
Financial Accounting: For each of the following items indicate whether it would
Reference No:- TGS0777039

Now Priced at $30 (50% Discount)

Recommended (97%)

Rated (4.9/5)