For each of the following five transactions,indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an operating (O),investing (I),financing (F),or noncash (NC)activity.
$\begin{array}{ll}
\text { type of Activity } & \text { Transaction } \
\hline & \text { 1. Investment in bonds } \
&\text { 2. Payment of interest on bonds payable } \
& \text { 3. Payment of a cash dividend } \
&\text { 4. Purchase of a building } \
&\text { 5. Collection of a note receivable }
\end{array}$

Question

For each of the following five transactions,indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an operating (O),investing (I),financing (F),or noncash (NC)activity.
 $\begin{array}{ll}
\text { type of Activity } & \text { Transaction } \
\hline & \text { 1. Investment in bonds } \
&\text { 2. Payment of interest on bonds payable } \
& \text { 3. Payment of a cash dividend } \
&\text { 4. Purchase of a building } \
&\text { 5. Collection of a note receivable }
\end{array}$

Quizplus · Accepted Answer

The Answer of For each of the following five transactions,indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an operating (O),investing (I),financing (F),or noncash (NC)activity.
 $\begin{array}{ll}
\text { type of Activity } & \text { Transaction } \
\hline & \text { 1. Investment in bonds } \
&\text { 2. Payment of interest on bonds payable } \
& \text { 3. Payment of a cash dividend } \
&\text { 4. Purchase of a building } \
&\text { 5. Collection of a note receivable }
\end{array}$

For Each of the Following Five Transactions,indicate by Letter Whether