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Classification of Cash Flows For each of the items below, indicate whether it is (1) a cash flow from an operating activity, (2) a cash
Classification of Cash Flows For each of the items below, indicate whether it is (1) a cash flow from an operating activity, (2) a cash flow from an investing activity, (3) a cash flow from a financ- ing activity, (4) a noncash investing and financing activity, or (5) none of the above: a. Paid cash to retire bonds payable at a loss b. Received cash as settlement of a lawsuit c. Acquired a patent in exchange for common stock d. Received advance payments from customers on orders for custom-made goods e. Gave large cash contribution to local university f. Invested cash in 60- day commercial paper (a cash equivalent) Cash Flow from Operating Activities (Indirect Method) The Lincoln Company owns no plant LO1 'AA
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