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Classification of Cash Flow Transactions VIP Corporation engaged in the transactions that follow. Identify each transaction as an operating activity, an investing activity, a financing

Classification of Cash Flow Transactions

VIP Corporation engaged in the transactions that follow. Identify each transaction as an operating activity, an investing activity, a financing activity, a noncash transaction, or not on the statement of cash flows. (Assume the indirect method is used.)

1. Paid interest.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 1

2. Increased dividends receivable.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 2

3. Declared and paid a cash dividend.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 3

4. Purchased a long-term investment.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 4

5. Increased accounts receivable.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 5

6. Sold equipment at a loss.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 6

7. Issued long-term bonds for plant assets.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 7

8. Issued common stock.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 8

9. Declared and issued a stock dividend.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 9

10. Decreased wages payable.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 10

11. Purchased a 60-day Treasury bill.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 11

12. Repaid notes payable.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 12

13. Purchased land.

Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 13

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Previous Question Next Question

1. Paid interest.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 1
2. Increased dividends receivable.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 2
3. Declared and paid a cash dividend.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 3
4. Purchased a long-term investment.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 4
5. Increased accounts receivable.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 5
6. Sold equipment at a loss.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 6
7. Issued long-term bonds for plant assets.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 7
8. Issued common stock.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 8
9. Declared and issued a stock dividend.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 9
10. Decreased wages payable.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 10
11. Purchased a 60-day Treasury bill.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 11
12. Repaid notes payable.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 12
13. Purchased land.	Select An operating activity An investing activity A financing activity A noncash transaction Not on the statement of cash flows An investing activity and operating activity A noncash transaction and financing activity Item 13