Question
Classification of Activities of the Statement of Cash Flow (Cash Flow Statement). Directions: Classify each of the following activities as: a. Operating Activities b. Investing
Classification of Activities of the Statement of Cash Flow (Cash Flow Statement). Directions: Classify each of the following activities as:
a. Operating Activities b. Investing Activities c. Financing Activities d. Investing or financing activities that do not affect cash
____ Depreciation Expense on plant assets for the year 20XX was $15,000.
____ Stock Investments of Estrella Corporation were purchased for $500,000 in cash.
____ Issued Preferred Stock for $150,000 in cash.
____ Equipment with a Book Value of $10,000 was sold for $10,000 cash.
____ I charge interest on a Note Receivable at 10% over 3 years.
____ Accounts Receivable increased during the period.
____ Paid $20,000 of Account Payable.
____ Bought a machine for $30,000 on credit and signed a long-term note payable.
____ Declared and paid $3,000 Cash Dividend.
____ The amount of the loss (Loss) on the sale of land was $3,000.
____ Land was acquired which was mortgaged 100% of its cost.
____Inventory decreased by $3,600.
____$5,000 loan repaid.
____The amount of profit ("Gain") on the sale of a building was $25,000
____The depreciation of the vehicles was 15,000.
____Dividends of $10,000 were received.
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