Classify each of the following items as a (1) cash from operating activity, (2) cash from investing activity, (3) cash from financing activity, or (4) noncash financing and or investing activity a Cash received from sale of common stock b Common stock issued in exchange for equipment to be used in operations c Cash paid for the acquisition of plant assets d Cash paid to employees for salaries e Refinancing a short term note with a long term note f Cash received from dividends on investments held g Sale of long term investment in equity securities Classifying Cash Flows Classify each of the following items as a (1) cash from operating activity, (2) cash from investing activity, (3) cash from financing activity, or (4) noncash financing and or investing activity a Cash received from sale of common stock b Common stock issued in exchange for equipment to be used in operations C Cash paid for the acquisition of plant assets d Cash paid to employees for salaries e Refinancing a short term note with a long term note f Cash received from dividends on investments held g Sale of long term investment in equity securities

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 18, 2024

Classify each of the following items as a (1) cash from operating activity, (2) cash from investing activity, (3) cash from financing activity, or (4)

Classify each of the following items as a (1) cash from operating activity, (2) cash from investing activity, (3) cash from financing activity, or (4) noncash financing and/or investing activity.

	a. Cash received from sale of common stock.
	b. Common stock issued in exchange for equipment to be used in operations.
	c. Cash paid for the acquisition of plant assets.
	d. Cash paid to employees for salaries.
	e. Refinancing a short-term note with a long-term note.
	f. Cash received from dividends on investments held.
	g. Sale of long-term investment in equity securities.

image text in transcribed

Classifying Cash Flows Classify each of the following items as a (1) cash from operating activity, (2) cash from investing activity, (3) cash from financing activity, or (4) noncash financing and/or investing activity. a. Cash received from sale of common stock. b. Common stock issued in exchange for equipment to be used in operations. C. Cash paid for the acquisition of plant assets. d. Cash paid to employees for salaries. e. Refinancing a short-term note with a long-term note. f. Cash received from dividends on investments held. g. Sale of long-term investment in equity securities