Solved

Match Each of the Following Line Items with the Type

Question 263

Matching

Match each of the following line items with the type of activity or activities found on the statement of cash flows.Each can be used more than once.

Premises:
sale of used equipment
cash sales
purchase of store supplies
payment of a cash dividend
collection of accounts receivable
repayment of loan principal
purchase of inventory
amortization of a patent
sale of land in exchange for a note payable
payment of interest
Responses:
cash inflow from financing
cash outflow for investing
cash outflow for financing
cash inflow from operating activities
cash inflow from investing
cash outflow for operating activities
noncash item
reported in a schedule at the bottom of the statement of cash flows

Correct Answer:

sale of used equipment
cash sales
purchase of store supplies
payment of a cash dividend
collection of accounts receivable
repayment of loan principal
purchase of inventory
amortization of a patent
sale of land in exchange for a note payable
payment of interest
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