event on a statement of cash flows: a. Cash provided/used by operating activitie

Question

event on a statement of cash flows: a. Cash provided/used by operating activities. b. Cash provided/used by investing activities. c. Cash provided/used by financing activities d. Not a cash flow. 1. Payment on long-term debt 2. Issuance of bonds at a premium 3. Collection of accounts receivable 4. Cash dividends declared 5. Issuance of stock to acquire land 6. Sale of available-for-sale securities (long-term) 7, Payment of employees' wages 8. Issuance of common stock for cash 9. Payment of income tax payable 10. Purchase of equipment 11. Purchase of treasury stock (common) 12. Sale of real estate held as a long-term investment

Explanation / Answer

Answer:-

Identification of activities S.no. Particulars Remark 1 Payment of long term debt Cash provided/used by financing activities 2 Issuance of bonds at premium Cash provided/used by financing activities 3 Collection of accounts receivable Cash provided/used by opreating activities 4 Cash dividends declared Cash provided/used by financing activities 5 Issuance of stock to aquire land Cash provided/used by investing activities 6 Sale of available-for-sale of securities (long term) Cash provided/used by investing activities 7 Payment of employees wages Cash provided/used by opreating activities 8 Issuance of common stock for cash Cash provided/used by financing activities 9 Payment of income tax payable Cash provided/used by opreating activities 10 Purchase of equipment Cash provided/used by investing activities 11 Purchase of treasury stock (common) Cash provided/used by financing activities 12 Sale of real estate held as long term investment Cash provided/used by investing activities

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