Problem 3: Cash flow classification

Label each transaction as cash flows from operating, investing, or financing activities using US GAAP.

Issuance of common stock $480,000 F

Cash received from Customers 340,000

Interest on note receivable 1,500

Sale of equipment at book value 90,000

Collection of long-term note receivable (the principal) 77,000

Issued a long-term note payable in exchange for a building with a fair value of $100,000

Cash Dividends paid 55,000

Purchase of land 90,000

Operating expenses 200,000

Interest expense on bonds payable 30,000

Retirement of bonds payable 310,000

Purchase Merchandise 55,000

Employee salaries 60,000