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Match Each Transaction to Reporting Categories

Question 86

Matching

Match each transaction to reporting categories

Premises:
Principal payment on long-term note payable
Customers paid cash for inventory items
Cash dividends paid to stockholders
Issuance of stock for more than its par value
Payment of employees' salaries
Issuance of common stock for cash
Payment of income taxes
Issuance of bonds at a premium
Sale of available-for-sale securities (long-term)
Purchase of equipment
Purchase of treasury stock
Sale of long-term investment
Responses:
Cash provided/used by financing activities
Cash provided/used by investing activities
Cash provided/used by operating activities
Disclosed in notes

Correct Answer:

Principal payment on long-term note payable
Customers paid cash for inventory items
Cash dividends paid to stockholders
Issuance of stock for more than its par value
Payment of employees' salaries
Issuance of common stock for cash
Payment of income taxes
Issuance of bonds at a premium
Sale of available-for-sale securities (long-term)
Purchase of equipment
Purchase of treasury stock
Sale of long-term investment
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