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Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Required: Indicate the reporting classification
Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Required: Indicate the reporting classification of each transaction by choosing the appropriate classification code. Note: The first item is provided as an example. Classifications Investing activity (cash inflow) 1. Sale of land. Transactions 2 Issuance of common stock for cash 3. Purchase of treasury stock 4. Conversion of bonds payable to common stock 5 Lease of equipment 6. Sale of patent 7 Acquisition of building for cash 8. Issuance of common stock for land 9. Collection of note receivable (principal amount) 10. Issuance of bonds 11. Issuance of stock dividend 12. Payment of property dividend 13. Payment of cash dividends 14. Issuance of short-term note payable for cash 15. Issuance of long-term note payable for cash 16. Purchase of marketable debt securities (available for sale") 17. Payment of note payable 18. Cash payment for five-year insurance policy 19. Sale of equipment 20 Issuance of note payable for equipment 21. Acquisition of common stock of another corporation 22 Repayment of long-term debt by issuing common stock 23. Payment of semiannual interest on bonds payable 24. Retirement of preferred stock 25. Loan to another company 26. Sale of inventory to customers
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