Classify the following cash flows as operating, 1. Sold long-term investments for cash. 2. Received cash payments
Question:
Classify the following cash flows as operating, 1. Sold long-term investments for cash.
2. Received cash payments from customers.
3. Paid cash for wages and salaries.
4. Purchased inventories for cash.
5. Paid cash dividends.
investing, or financing activities:
6. Issued common stock for cash.
7. Received cash interest on a note.
8. Paid cash interest on outstanding bonds.
9. Received cash from sale of land at a loss 10.Paid cash for property taxes on building.
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