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Instructions: Indicate in which section of the Statement of Cash Flows each of the transactions below would be classified for a consulting firm. Use OA
Instructions: Indicate in which section of the Statement of Cash Flows each of the transactions below would be classified for a consulting firm. Use OA for Operating Activities, IA for Investing Activities, FA for Financing Activities and NA for not included on the Statement of Cash Flows. One choice per question. You may use each choice more than once or not at all. Purchased supplies with cash. Sold land for cash. 1) 2) 3) 4) Paid dividends to stockholders. Borrowed cash from a bank and signing a promissory
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