Question: VIP Corporation engaged in the transactions that follow Identify each

VIP Corporation engaged in the transactions that follow. Identify each transaction as
(a) An operating activity,
(b) An investing activity,
(c) A financing activity,
(d) A noncash transaction,
(e) Not on the statement of cash flows.
Assume the indirect method is used.
1. Paid interest.
2. Increased dividends receivable.
3. Declared and paid a cash dividend.
4. Purchased a long-term investment.
5. Increased accounts receivable.
6. Sold equipment at a loss.
7. Issued long-term bonds for plant assets.
8. Issued common stock.
9. Declared and issued a stock dividend.
10. Decreased wages payable.
11. Purchased a 60-day Treasury bill.
12. Repaid notes payable.
13. Purchased land.

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  • CreatedMarch 26, 2014
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