Classify the following items as (1) operating, (2) investing,(3) financing, or (4) significant noncash investing andfinancing activities, using the direct method.(a) Cash payments to employees.(b) Redemption of bonds payable.(c) Sale of building at book value.(d) Cash payments to suppliers.(e) Exchange of equipment for furniture.(f) Issuance of preferred stock.(g) Cash received from customers.(h) Purchase of treasury stock.(i) Issuance of bonds for land.(j) Payment of dividends.(k) Purchase of equipment.(l) Cash payments for operating expenses.
Classify the following items as (1) operating, (2) investing,(3) financing, or (4) significant noncash investing andfinancing activities, using the direct method.(a) Cash payments to employees.(b) Redemption of bonds payable.(c) Sale of building at book value.(d) Cash payments to suppliers.(e) Exchange of equipment for furniture.(f) Issuance of preferred stock.(g) Cash received from customers.(h) Purchase of treasury stock.(i) Issuance of bonds for land.(j) Payment of dividends.(k) Purchase of equipment.(l) Cash payments for operating expenses.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23: Statement Of Cash Flows
Section: Chapter Questions
Problem 1SEA: SERIES A EXERCISES IDENTIFICATION OF OPERATING, INVESTING, AND FINANCING ACTIVITIES The following...
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Question
Classify the following items as (1) operating, (2) investing,
(3) financing, or (4) significant noncash investing and
financing activities, using the direct method.
(a) Cash payments to employees.
(b) Redemption of bonds payable.
(c) Sale of building at book value.
(d) Cash payments to suppliers.
(e) Exchange of equipment for furniture.
(f) Issuance of
(g) Cash received from customers.
(h) Purchase of
(i) Issuance of bonds for land.
(j) Payment of dividends.
(k) Purchase of equipment.
(l) Cash payments for operating expenses.
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