Question
Classifying Transactions in the Statement of Cash Flows The transactions from Diaz Corp. are provided below for the year ended December 31. Classify each
Classifying Transactions in the Statement of Cash Flows The transactions from Diaz Corp. are provided below for the year ended December 31. Classify each of the transactions, 1 through 15, Into one of the following categories, a, b, c, d, *More than one category applies for #10. Cash Flow Statement Category a. Cash inflow (outflow) from operating activities. b. Cash inflow (outflow) from investing activities. c. Cash inflow (outflow) from financing activities. d. Non-cash investing or financing activity. e. Not a cash inflow or outflow. 000000 Transaction 1. Paid cash to acquire assets for operations. 2. Cash dividends declared but not paid. 3. Cash proceeds from note payable. 4. Sale of assets used in operations for cash. 5. Loaned cash in exchange for long-term note receivable. 6. Purchased long-term stock investment for cash. 7. Collected cash to settle notes receivable (principal only)." 8. Purchased a patent for cash. 9. Paid salaries in cash. 10. Paid off debt by giving 60% cash and 40% treasury stock. a. Portion of debt paid off through cash b. Portion of debt paid off through treasury stock 11. Issued common stock for cash. 12. Paid cash dividend. 13. Purchased company's own common stock for cash. 14. Paid cash to settle notes payable. 15. Sales revenue collected in cash. *Note receivable does not relate to the financing of goods or services.
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