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Classify the following cash flows as either Operating, Investing, or Financing activities assuming indirect method. 1 1. Cash paid to purchase long-term investments. 2. Cash
Classify the following cash flows as either Operating, Investing, or Financing activities assuming indirect method. 1 1. Cash paid to purchase long-term investments. 2. Cash paid to purchase short-term investments. 3. Paid long-term debt with cash. 4. Received cash from short-term debt issuance. Investing activities 5. Issued common stock for cash. Financing activities 6. Paid cash for wages and salaries. Operating activities 7. Received cash interest on a note. 8. Paid cash for property taxes on building. 9. Paid accounts payable with cash. 10. Received cash from sale of land
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