Listed below are transactions that might be reported as investing and/or financi

Question

Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Possible reporting classifications of those transactions are provided also.

Classifications

                + I          Investing activity (cash inflow)
                – I          Investing activity (cash outflow
               + F          Financing activity (cash inflow)
                – F          Financing activity (cash outflow)
                  N          Noncash investing and financing activity
                  X          Not reported as an investing and/or a financing activity

Transactions                

Here is what I have so far, looking to see if I am doing this correctly and help on ones I can’t figure out            

+ I     1.   Sale of a building                                                 

+ F       2.   Issuance of preferred stock for cash                    

- F       3.   Retirement of preferred stock                              

N       4.   Conversion of bonds to common stock               

N       5.   Lease of a machine                                              

+ I       6.   Sale of a trademark                                             

______       7.   Purchase of land for cash                                     

N       8.   Issuance of common stock for a building          

+ I       9.   Collection of a note receivable (principal amount)

______       10.   Sale of bonds payable

_______     11.   Distribution of a stock dividend

N       12.   Payment of property dividend

- F       13.   Payment of cash dividends

+ F       14.   Issuance of a short-term note payable for cash

+ F       15.   Issuance of a long-term note payable for cash

- I       16.   Purchase of investment securities (available-for-sale)

_____       17.   Repayment of a note payable

X        18.   Cash payment for 3-year insurance policy

+ I       19.   Sale of land

N        20.   Issuance of note payable for land

_____       21.   Purchase of common stock issued by another corporation

N       22.   Repayment of long-term debt by issuing common stock

X       23.   Payment of semiannual interest on notes payable

- F       24.   Purchase of treasury stock

- I       25.   Loan to a subsidiary

X       26.   Sale of merchandise to customers

_______     27.   Purchase of treasury bills (cash equivalents)

Explanation / Answer

1 SaB1:C18le of Building I + 2 Issuance of Preferred Stock for cash F + 3 Retirement of preferred Stock F - 4 Conversion of Bonds to common Stock X 5 Lease of a machine N 6 Sale of Trademark I + 7 Purchase land for Cash I - 8 Issuance of Common Stock for a building N 9 Collection of a note receivable (Principal amount) I + 10 Sale of Bonds Payable F + 11 Distribution of Stock Dividend F - 12 Payment of Property Dividend N 13 Payment of Caash Dividends F - 14 Issuance of Short Term note payable for cash F+ 15 Issuance of Long Term Note Payable for cash F+ 16 Purchase of Investment Securities (available for sale) I - 17 Repayment of a note payable F- 18 Cash payment for 3-year insurance policy X 19 Sale of Land I + 20 Issuance of note payable for land N 21 Purchase of common stock by another corporation F + 22 Repayment of Longterm debt by issuing common stock N 23 Payment of semi-annual interest on notes payable N 24 Purchase of treasury stock F - 25 loan to subsidary I - 26 Sale of merchandise to customers X 27 Purchase of treasury bills (cash equivalents) X

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