The major classifications of activities reported in the statements of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: choose from this( (-)operating activity / (+)investing Activity/ (-) investing activity/ (+) financing activity/ (+) operating activity/ (-) Financing activity  ))   - Decrease in accounts receivable during the year. - Decrease of inventory balanace during the year. - Decrease of salaries payable during the year. - Sale of treasury shares. - Increase of prepaid rent during the year  - Sale of land - Issurance of Notes payable (long term)

Financial Accounting: The Impact on Decision Makers
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ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
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Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.16E
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The major classifications of activities reported in the statements of cash flows are operating, investing, and financing. Classify each of the transactions listed below as:

choose from this( (-)operating activity / (+)investing Activity/ (-) investing activity/ (+) financing activity/ (+) operating activity/ (-) Financing activity  ))

 

- Decrease in accounts receivable during the year.

- Decrease of inventory balanace during the year.

- Decrease of salaries payable during the year.

- Sale of treasury shares.

- Increase of prepaid rent during the year 

- Sale of land

- Issurance of Notes payable (long term)

 

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