Identify each of the following items as operating (O), investing (I), financing (F), or not on the
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Identify each of the following items as operating (O), investing (I), financing (F), or not on the statement of cash flows (N).
______ 1. Paid for supplies
______ 2. Collected cash from customers
______ 3. Purchased land (held for resale)
______ 4. Purchased land (for construction of new building)
______ 5. Paid dividend
______ 6. Issued stock
______ 7. Purchased computers (for use in the business)
______ 8. Sold old equipment
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1285183237
9th edition
Authors: Gary A. Porter, Curtis L. Norton
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