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Problem 3 (10 Points) investing of activities reported in the statement of cash flows are operating and financing. Classify each of the transactions listed below
Problem 3 (10 Points) investing of activities reported in the statement of cash flows are operating and financing. Classify each of the transactions listed below 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. 3. Investing activity. 4. Financing activity. 5. Significant non cash flow activity as: The transactions are as follows (a) Depreciation of machinery (g) Sale of equipment. (b) Payment of cash dividends. (h) Purchase of land and building. (c) Purchase of treasury stock. 6) Amortization of patent. (i) Redemption of bonds. (d) Redemption of bonds. (i) Issuance of capital stock (e) Issuance of bonds for plant assets. (k) Exchange of Common Stock for office equipment. (f) Gain on sale of equipment
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