Indicate whether each of the following items should be classified as an operating, investing, or financing activity

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Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate why.
a. Declaration of dividends on common shares, to be paid later
b. Payment of dividends on common shares
c. Purchase of equipment
d. Receipt of cash from the sale of a warehouse
e. Receipt of cash through a long-term bank loan
f. Interest payments on a long-term bank loan
g. Acquisition of land for cash
h. Investment in another company by purchasing some of its shares
i. Net decrease in accounts payable
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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