Problem: Place an X in the appropriate column to show the proper classification of the transaction on the statement of cash flows, or to show if it would be reported in a seperate schedule or not reported on the statement at all.
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Transaction |
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Source, Use |
Activity |
Reported in a Separate |
Not on the |
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or Neither |
Operating |
Investing |
Financing |
Schedule |
Statement |
| a. |
Common stock was sold for cash. |
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| b. |
Interest was paid on a note, decreasing Interest Payable |
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| c. |
Bonds were retired. |
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| d. |
A long-term loan was made to a subsidiary. |
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| e. |
Interest was receivedon the loan |
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in (d) above, reducing Interest |
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Receivable. |
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| f. |
A stock dividend was declared and issued on common stock. |
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| g. |
A building was acquired by issuing shares of common stock. |
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| h. |
Equipment was sold for cash. |
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| i. |
Short-term investments sold. |
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| j. |
Cash dividends were declared and paid. |
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| k. |
Preferred stock was converted into common stock. |
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| l. |
Declared Income Taxes, a long-term liability, was reduced. |
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| m. |
Dividends were received on stock of another company held as an investment. |
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| n. |
Equipment was purchased by giving a long-term note to seller. |
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