Classify each of the following as an operating activity, an investing activity, or a financing activity. Also
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Question:
Classify each of the following as an operating activity, an investing activity, or a financing activity. Also identify those items that are not reported on the statement of cash flows prepared by the direct method.
a. Net income | ||
b. Payment of dividends | ||
c. Borrowing | ||
d. Payment of cash to suppliers | ||
e. Making a loan | ||
f. Receipt of cash dividends | ||
g. Depreciation expense | ||
h. Purchase of equipment |
i. Issuance of shares | ||
j. Purchase of another company | ||
k. Payment of a note payable | ||
l. Payment of income taxes | ||
m. Collections from customers | ||
n. Accrual of interest revenue | ||
o. Expiration of prepaid expense |
Related Book For
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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