Components of the Statement of Cash Flows Identify each of the following items as operating (O), investing
Question:
________ 1. Paid for supplies
________ 2. Collected cash from customers
________ 3. Purchased land (held for resale)
________ 4. Purchased land (for construction of new building)
________ 5. Paid dividend
________ 6. Issued stock
________ 7. Purchased computers (for use in the business)
________ 8. Sold old equipment
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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