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Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Cash Flow 1. Issued preferred stock for cash.
Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Cash Flow 1. Issued preferred stock for cash. 2. Paid long-term debt with cash. 3. Issued common stock for cash. 4. Paid cash for wages and salaries. 5. Received cash interest on a note. 6. Paid cash for property taxes on building. 7. Paid cash for utilities. 8. Paid cash for rent. 9. Paid cash for a building. 10. Purchased inventories with cash. Activity Financing
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