Quest using he aohces choices: ement of Cash Flows that each tem appears in a Ca

Question

Quest using he aohces choices: ement of Cash Flows that each tem appears in a Cash from Operating Activity b Cash from Investing Activity d. Non-cash investing or Financing c Cash from Financing Activity Not on the cash flow statement 41. Declared and Paid a Cash Dividend 42 43. 44. Depreciation Issuance of Common Stock for Cash Loss From Sale of Land 45. Net Income 46. Purchase of Equipment for Cash 47. Purchase of Treasury Stock for Cash 8. Sale of Building for Cash the following choices for questions 49 to 50 External users: stockholders, creditors, and regulators Internal users: officers and managers. Prepare tax returns to file with the IRS Both a and b a. b. Financial accounting is used by Managerial accounting is used by

Explanation / Answer

Answer 41-48.

Declared and paid a cash dividend - Financing Activities
Depreciation - Operating Activities
Issuance of Common Stock for cash - Financing Activities
Loss from sale of land - Operating Activities
Net Income - Operating Activities
Purchase of Equipment for cash - Investing Activities
Purchase of Treasury stock for cash - Financing Activities
Sale of building for cash - Investing Activities

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