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.
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