Solved

Match the Following Classifications on the Statement of Cash Flows

Question 87

Matching

Match the following classifications on the statement of cash flows with the events listed below.Unless otherwise indicated,assume payments made or received are for cash.

Premises:
Purchased Trading Securities
Sold Building for cash.
Purchased treasury stock.
Paid a short-term Trade Note Payable.
Borrowed money by signing a 6 month note payable.
Sold merchandise to a customer for cash.
Paid a dividend.
Paid an account payable.
Purchased Land by issuing common stock to owner.
Paid employees salaries.
Responses:
Financing
Noncash Financing and Investing Event
Operating
Not on cash flow statement.
Investing

Correct Answer:

Purchased Trading Securities
Sold Building for cash.
Purchased treasury stock.
Paid a short-term Trade Note Payable.
Borrowed money by signing a 6 month note payable.
Sold merchandise to a customer for cash.
Paid a dividend.
Paid an account payable.
Purchased Land by issuing common stock to owner.
Paid employees salaries.
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