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6) Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting
6) 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. NUMBER TERM PHRASE 1. Operating cash inflow Cash collected on accounts receivable. 2. Noncash financing and Payment of a property dividend. investing activity 3. Investing cash outflow Cash collection of a nontrade note receivable. 4. Financing cash inflow Cash purchase of securities issued by another corporation. 5. Investing cash inflow Issuance of a long-term note payable for cash
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