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Determine if each transaction should be classified as an operating, investing, or financing activity on the statement of cash flows and check the appropriate box.
Determine if each transaction should be classified as an operating, investing, or financing activity on the statement of cash flows and check the appropriate box. Operating Activity Investing Activity Financing Activity a) Cash received from notes payable b) Cash paid for building Cash received from shareholders for issuance of common stock c) d) e) Cash received from customers Cash paid for salaries Cash received for repayment of note receivable f) g) Cash paid for utilities b) Cash paid for interest 1) Cash paid for dividends i) Cash paid for inventory k) Cash paid for supplies 1) Cash paid for equipment Totals 6 3 3
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