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Identify each item as operating, investing, financing, or non-cash. 1. Cash receipt from the sale of equipment 2. Cash payment for salaries 3. Cash receipt from the collection of long-term notes receivable 4. Purchase of equipment in exchange for notes payable 5. Cash receipt from the issuance of common stock Operating Investing Financing Non-cash

Identify each item as operating, investing, financing, or non-cash. 1. Cash receipt from the sale of equipment 2. Cash payment for salaries 3. Cash receipt from the collection of long-term notes receivable 4. Purchase of equipment in exchange for notes payable 5. Cash receipt from the issuance of common stock Operating Investing Financing Non-cash

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 28BE: Brief 1-28 Statement of Cash Flows Listed are items that would on a Statement of cash flows. Cash...
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Identify each item as operating, investing, financing, or non-cash. 1. Cash receipt from the sale of equipment 2. Cash payment for salaries 3. Cash receipt from the collection of long-term notes receivable 4. Purchase of equipment in exchange for notes payable 5. Cash receipt from the issuance of common stock Operating Investing Financing Non-cash
Transcribed Image Text:Identify each item as operating, investing, financing, or non-cash. 1. Cash receipt from the sale of equipment 2. Cash payment for salaries 3. Cash receipt from the collection of long-term notes receivable 4. Purchase of equipment in exchange for notes payable 5. Cash receipt from the issuance of common stock Operating Investing Financing Non-cash
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