Indicate whether each of the following cash activities would be reported on the statement of cash flows
Question:
(a) An operating activity,
(b) An investing activity, or
(c) A financing activity.
1. Issued capital stock
2. Paid rent
3. Paid for office equipment
4. Sold services
5. Issued a note payable
6. Sold excess office equipment
7. Paid officers’ salaries
8. Paid for advertising
9. Paid insurance
10. Paid dividends
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1 c x Financing activity 2 a x Operating activity ...View the full answer
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