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Classify the following cash flows as either operating, investing, or financing activities assume indirect method. Financing activities Investing activities Operating activities 1. Paid accounts payable

Classify the following cash flows as either operating, investing, or financing activities assume indirect method.

  • Financing activities
  • Investing activities
  • Operating activities
  • image text in transcribed
1. Paid accounts payable with cash. 2. Paid cash for utilities. 3. Paid long-term debt with cash. 4. Received cash dividends from investments. 5. Paid interest on the debt. 6. Issued preferred stock for cash. 7. Paid cash for salaries. 8. Paid cash for rent. 9. Received cash from the sale of property at a loss. 10. Paid cash for a building

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