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PROBLEM 13-3. Classifying Cash Flows [LO 1] Cash flows can be classified into one of the fol- lowing categories: 1. Cash inflows from operating activities.
PROBLEM 13-3. Classifying Cash Flows [LO 1] Cash flows can be classified into one of the fol- lowing categories: 1. Cash inflows from operating activities. 2. Cash outflows from operating activities. 3. Cash inflows from investing activities. 4. Cash outflows from investing activities. 5. Cash inflows from financing activities. 6. Cash outflows from financing activities. REQUIRED Classify each of the following transactions into one of the above six categories: a. Payments to employees for wages. b. Payments to acquire stock in another company as a long-term investment. c. Receipts from customers. d. Receipts from the sale of property, plant, and equipment. e. Payments of interest. f. Payments made to acquire another firm. g. Receipts of interest and dividends. h. Payments to retire outstanding bonds. i. Receipts from issuing common stock. j. Purchases of treasury stock
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