Cash flow items must be categorized into one of four categories. Identity each i

Question

Cash flow items must be categorized into one of four categories. Identity each item as operating(O), investing(I), financing(F), or mon-cash (N). Cash purchase of merchandise inventory Cash payment of dividends___ Cash receipt from the collection of long-term notes receivable___ Cash payment for income taxes___ Purchase of equipment in exchange for notes payable___ Cash receipt from sale of land___ Cash received from borrowing money___ Cash receipt for interest income___ Cash receipt from the issuance of common stock___ Cash payment of salaries___

Explanation / Answer

QUESTIONS ANSWERS A OPERATING ACTIVITIES B FINANCING ACTIVITY C FINANCING ACTIVITY D OPERATING ACTIVITIES E NON CASH F INVESTING G FINANCING ACTIVITY H FINANCING ACTIVITY I FINANCING ACTIVITY J OPERATING ACTIVITIES

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.