Exercise 13-2 Identify the section of the statement of cash flows that each item

Question

Exercise 13-2

Identify the section of the statement of cash flows that each item belongs in.

NBC Universal returns cash to advertisers because of ratings shortfalls.

Operating ActivitiesInvesting ActivitiesFinancing Activities

Deutsche Lufthansa AG purchases 19% of JetBlue Airways stock for $300 million.

Operating ActivitiesInvesting ActivitiesFinancing Activities

Bank of America pays shareholders a dividend of $2.12 per share.

Operating ActivitiesInvesting ActivitiesFinancing Activities

JP Morgan Chase receives dividends on holdings of other companies’ stocks.

Operating ActivitiesInvesting ActivitiesFinancing Activities

Cathay Pacific Airlines pays for new airplanes.

Operating ActivitiesInvesting ActivitiesFinancing Activities

ExxonMobil receives payment from a major customer.

Operating ActivitiesInvesting ActivitiesFinancing Activities

Apple pays its income taxes.

Operating ActivitiesInvesting ActivitiesFinancing Activities

Facebook sells stock in its initial public offering.

Operating ActivitiesInvesting ActivitiesFinancing Activities

Honda Motor Co. makes a payment on its long-term debt.

Explanation / Answer

1. Operating Activities

2. Investing Activities

3. Financing Activities

4. Operating Activities

5. Investing Activities

6. Operating Activities

7. Operating Activities

8. Financing Activities

9. Financing Activities

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