Question
For each of the events listed below, select the category that best describes its effect on a statement of cash flows. Your categories are as
For each of the events listed below, select the category that best describes its effect on a statement of cash flows. Your categories are as follows:
a.Cash provided/used by operating activities
b.Cash provided/used by investing activities
c.Cash provided/used by financing activities
d.Not a cash flow item
Events:
_____ 1. Payment on long-term debt
_____ 2. Issuance of bonds at a premium
_____ 3. Collection of accounts receivable
_____ 4. Cash dividends declared
_____ 5. Issuance of shares to acquire land
_____ 6. Sale of marketable securities (long-term)
_____ 7. Payment of employees' wages
_____ 8. Issuance of common shares for cash
_____ 9. Payment of income taxes payable
_____ 10. Purchase of equipment
_____ 11. Purchase of treasury stock (common)
_____ 12. Sale of real estate held as a long-term investment
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