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Moss Corporation had the following transactions. Classify each of these transactions by type of cash flow activity (operating, investing, or financing). (Hint:Refer to Illustration 12-1.)
Moss Corporation had the following transactions.
Classify each of these transactions by type of cash flow activity (operating, investing, or financing). (Hint:Refer to Illustration 12-1.)
1. | Issued $160,000 of bonds payable. | Financing ActivityInvesting ActivityOperating Activity |
2. | Paid utilities expense. | Financing ActivityInvesting ActivityOperating Activity |
3. | Issued 500 shares of preferred stock for $45,000. | Financing ActivityInvesting ActivityOperating Activity |
4. | Sold land and a building for $250,000. | Financing ActivityInvesting ActivityOperating Activity |
5. | Loaned $30,000 to Dead End Corporation, receiving Dead Ends 1-year, 12% note. | Financing ActivityInvesting ActivityOperating Activity |
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