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Classifying items on the statement of cash flows Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N). Cash purchase of merchandise inventory Cash payment of dividends Cash receipt from the collection of long-term notes receivable Cash paid for income taxes Purchase of equipment in exchange for notes payable Cash receipt from the sale of land Cash received from borrowing money Cash receipt for interest income Cash receipt from the issuance of common stock Cash payment of salaries

Classifying items on the statement of cash flows Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N). Cash purchase of merchandise inventory Cash payment of dividends Cash receipt from the collection of long-term notes receivable Cash paid for income taxes Purchase of equipment in exchange for notes payable Cash receipt from the sale of land Cash received from borrowing money Cash receipt for interest income Cash receipt from the issuance of common stock Cash payment of salaries

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 1BE
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Classifying items on the statement of cash flows

Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N).

  • Cash purchase of merchandise inventory
  • Cash payment of dividends
  • Cash receipt from the collection of long-term notes receivable
  • Cash paid for income taxes
  • Purchase of equipment in exchange for notes payable
  • Cash receipt from the sale of land
  • Cash received from borrowing money
  • Cash receipt for interest income
  • Cash receipt from the issuance of common stock
  • Cash payment of salaries
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