Use the following major cash flow activities to classify the activities listed below:
-Reported profitable operations (Net Income)
A)Operating Activity, Source of Cash
B)Operating Activity, Use of Cash
C)Investing Activity, Source of Cash
D)Investing Activity, Use of Cash
E)Financing Activity, Source of Cash
F)Financing Activity, Use of Cash
G)Non-cash Investing & Financing Activity

Question

Quizplus · Accepted Answer

Reported profitable operations (net income) is a source of cash from operating activities.

Answer: G 
 Non-cash investing and financing activities involve transactions that do not involve cash, such as exchanging one asset for another or issuing stock to pay for a merger. Without more specific information, it is difficult to determine whether the listed activities fall under this category.

Use the Following Major Cash Flow Activities to Classify the Activities