Indicate whether each of the following items would be classified as (1) an operating activity, an investing

Question:

Indicate whether each of the following items would be classified as (1) an operating activity, an investing activity, or a financing activity or (2) as a noncash transaction or noncash item.
(a) Cash collected from customers.
(b) Cash paid to suppliers for inventory.
(c) Cash received for interest on a nontrade note receivable.
(d) Cash received from issuance of stock.
(e) Cash paid for dividends.
(f) Cash received from bank on a loan.
(g) Cash paid for interest on a loan.
(h) Cash paid to retire bonds.
(i) Cash paid to purchase stock of another company as a long-term investment.
(j) Cash received from the sale of a business segment.
(k) Cash paid for property taxes.
(l) Cash received for dividend revenue.
(m) Cash paid for wages.
(n) Cash paid for insurance.
(o) Preferred stock retired by issuing common stock.
(p) Depreciation expense for the year.
(q) Cash paid to purchase machinery.
(r) Cash received from the sale of land.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

Question Posted: