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1 ) Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the
Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction.
Terms
Operating cash inflow
Noncash financing and investing activity
Investing cash outflow
Financing cash inflow
Investing cash inflow
Phrase
Cash collected on accounts receivable
Payment of a property dividend
Cash collection of a non trade note receivable
Cash purchase of securities issued by another corporation
Issuance of a long term note payable for cash
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