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8. Place an X in the appropriate columns for each of the following situations. Non Cash Flows Classification Effect on cash Operating Investing Financing Cash
8. Place an X in the appropriate columns for each of the following situations. Non Cash Flows Classification Effect on cash Operating Investing Financing Cash Trans- Activity Atvty Activity-action Transaction a. Sale of land for cash b. Issuance of bonds for cash c. Paying off accounts payable d. Acquired land using common stock e Paid $10,000 cash dividend f. Collected $1,000 accounts Purchased building using cash g. h. Net Income i Sales of inventory on account j. Issue common stock to retire bonds
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