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Instructions: Indicate in which section of the Statement of Cash Flows each of the transactions below would be classified for a consulting firm. Use OA
Instructions: Indicate in which section of the Statement of Cash Flows each of the transactions below would be classified for a consulting firm. Use OA for Operating Activities, IA for Investing Activities, FA for Financing a Activities and NA for not included on the Statement of Cash Flows. One choice per question. You may use each choice more than once or not at all. _1) Purchased supplies with cash. _2) Sold land for cash. Borrowed cash from a bank and signing a promissory note. a _3) -4) Paid dividends to stockholders
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